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The report, which crunched the numbers for all 50 states, is based on Pew Research’s definition of middle class: two-thirds to double the median household income.
This kinda strikes me as a bit of a disingenuous definition. Being middle class always struck me as having a moderate amount of disposable income after all regular life expenses.
If you're living in an expensive part of your state, you could well be above that 66% of median state income mark, but still be quite impoverished.
I wonder how they set those endpoints and how they have changed over the years.
That's wild. If I was making 100k a year I'd be able to retire in a decade. I make about a third of that and I've got virtually everything a man could ask for.
I see your UK instance, is your "1/3 of that" in dollars or GBP? For context, 100k USD is currently about 77k GBP
Wow, how is your cost of living so low?
I live in a tiny 75-year-old granny cottage, drive a 17-year-old truck, wear 10-year-old clothes, never eat out, and never travel anywhere.