What Income Puts You In Upper, Middle and Lower Class?
Вставка
- Опубліковано 5 лют 2025
- 📈 Are you on track with the Baby Steps? Get a Free Personalized Plan - ter.li/fls0gk
Ever wonder how your income compares to that of the average American? In this episode, find out how you stack up, plus get three tips for growing wealth regardless of what you make.
Next Steps:
💵 Sign up for EveryDollar today to create a free budget! ter.li/0en9yf
🎥 Watch my video 22 Expenses to Cut That You Won’t Even Miss: • 22 Expenses to Cut Tha... .
Connect With Our Sponsors:
🏥 Learn more about Christian Healthcare Ministries today! ⮕ www.chministri...
🔒 Get 20% off your DeleteMe plan when you join. ⮕ www.JoinDelete...
Listen to More From Ramsey Network:
🍸 Smart Money Happy Hour ⮕ ter.li/dorhqm
🎙️ The Ramsey Show ⮕ ter.li/255573
💸 The Ramsey Show Highlights ⮕ ter.li/hiyq7n
🧠 The Dr. John Delony Show ⮕ ter.li/htmm6g
💰 George Kamel ⮕ ter.li/d9vd8q
💼 The Ken Coleman Show - Highlights ⮕ ter.li/94hq0v
📈 EntreLeadership ⮕ ter.li/bz63zt
Ramsey Solutions Privacy Policy:
www.ramseysolu...
Products:
Love Your Life, Not Theirs store.ramseyso...
Rachel Cruze Wallet in Camel store.ramseyso...
Baby Steps Millionaires: store.ramseyso...
I'm Glad for What I Have by Rachel Cruze: store.ramseyso...
I'm Glad for Where I Am: store.ramseyso...
I'm Glad When I Can Share: store.ramseyso...
EveryDollar Premium Version Physical Gift Card: store.ramseyso...
Know Yourself, Know Your Money: store.ramseyso...
The Total Money Makeover: store.ramseyso...
Financial Peace Kids: store.ramseyso...
It's crazy how underrated The Censored Guide to Wealth on Bovolorus is It's honestly eye opening
income is great.
control of outgo
is greater.
This is such an eye-opening video! It’s so interesting to see how incomes vary across different regions and circumstances. It really puts things into perspective and makes you think about what ‘average’ really means in today’s economy. Do you think income comparisons are helpful for motivation, or do they create unnecessary pressure?
Our company has been around for a while but is still relatively unknown. Every subscribe truly means a lot to us-thank you for your support! :)
I completely agree! It’s fascinating to see those differences, but I also wonder if comparing incomes just leads to more stress instead of inspiration
While it’s eye-opening, I think it can be discouraging for some people when they feel like they’re not measuring up to others
Income comparisons can be both motivating and overwhelming. It really depends on how you look at it and your personal situation
It’s good to know where we stand, but I think too much focus on income can overshadow other important factors like happiness and fulfillment
Absolutely stunning, thank you, Rachel
Wish I realized sooner in life it matters more what you save and invest versus how much you just make. I was high income forever but spent almost everything I made.
Income of Upper Class, Spending Lower Class. 🤗
I love numbers but I’m struggling with these numbers. For some example A household of 7+ people could fall into a completely different class level than a 2 person household even if both households earn the same amount of money.
Great advice💎💯🙏🏿😊
30 y/o $120k and counting 😊 pay bump going up to $140k in June.
Save save save.... Invest aggressively if you have the appetite.. Take advantage of the crazy power of compounding... Do not fall into the trap of acquiring depreciating assets (luxury cars, designer clothes etc) unless you can afford it.. OK to indulge once in a while though...
Beware of lifestyle creep. Keep it modest. Use the amount of time of you have to your advantage
Makes a huge difference on where you live as to what standard of living you can live at. You would be living substandard in California or New York on 60k. At one time, you could live fairly well on 60k annual household income in many states. Real estate, food, insurance, medical costs, utilities, and car prices have sky rocketed due to a government inflicted economy crash. The dream seams to be slipping further and faster away. As an example, our health insurance went up 14 percent, but our income cost of living increase was about 3 percent. I don't know anybody that gets an annual 14 percent raise. A tool for my business that I bought last year for $239, one year later costs $399. It is becoming more and more difficult for people to destroy the enemy (debt), but keep the good advice coming. I started a side hustle 24 years ago and never stopped. Has tax advantages too.
By NY, you mean NYC, not the rest of the state. In many places north of Rockland/Westchester counties, you can have a good life with an income of $60K. It is a pipe dream in places like Otsego County, or that is 2 people working for one household. Of course, if you live in Albany or any of the major state cities, you might need a little more, but for most of the state, 60K/yr is a lot of income.
I live in Westchester county and 60k is not affordable. And I live on a budget 😅
@@bakedvegan6379 No, it is impossible to live comfortably in Westchester on 60K. We lived in Rockland County, same thing. there are too many people who work in NYC and live there and that pushes up the price of everything. But go north, Putnam and Orange counties and it becomes possible to live on 60K and head north and west and it becomes a lot easier as you get out into farm country. The metro Albany area, it would be difficult, but not impossible to live on 60K. In the area up past Albany, and I live on less than 60k.
@@gibblespascack1418so true!
Recently came across you and your dad’s videos & I just want to say thank you. I now have a plan & im excited to execute it
I would think NET WORTH (assets you own, clean and clear) is a more appropriate measure of wealth ? Income is indeed very temporary but is a means to build wealth.
I don’t even think class matters at this point. Class should be decided on your networth and only add your house when it’s paid off cause you have hidden cost with a house which everyone ignores
Where I live;
Upper Class is $300,000/mo you're RICH
Middle Class $60,000/yr you're poor
Lower Class McDonald's pay - you're living with mom and dad with a car payment and insurance that eats all you pay, you're in poverty.
2 ad reads in a 7 minute video is WILD. And I have premium, how many UA-cam ads do you have as well? Jeez.
Oh look , Mr.Negativity!!
I wonder what is the average earned from non-retirement investments?
I'm the richest lower class person I know! Thanks college 💪
Yaaayyy
Are these before tax or after tax numbers?
Pretax
Thanks so much for your continued fantastic work, Rachel. Your information, inspiration, and warmth are an amazing combination.
On a different, very serious note, I have a query to share which I’ve also communicated with other Ramsey personal via their video comment sections: Do you have any advice for your Canadian neighbours whom Trump is now repeatedly threatening? We want to neither be thrown into an economic abyss nor do we wish to become the 51st state. Thanks in advance for any insight. Sincerely, A fan from Canada
I’m low income. Don’t even know if one day I’ll be middle class. 😢
Same here, and I have a bachelor’s degree in business.
We were middle class and now we are the lower class.
Is this after taxes numbers or gross/end of year?
I make $45,000 and happy 😂
EDIT: It looks like they've renamed the video title, so my comment isn't fully relevant anymore.
This video should be taken down. It's wildy wrong with the numbers. You aren't comparing the 'average family' You are comparing the 'average middle-class' family, which is a niche definition defined by pew research.. This is not the median or average income of all households in America..
I looked at Pew Research.. This is VERY misleading.
First off, it describes the middle class from the lower 30% to the upper 81%. So it's effectively shifting the entire curve up close to 6%..
Middle class, by definition, should be the middle class from a wealth standpoint..
The income percentile in the 40-60% range also doesn't change significantly, due to the nature of bell curves, so even the 106k figure is wrong, it should be closer to 80-90k household income for the 56th percentile. Which would be the median in that range group.
It sounds like they surveyed data, rather than using government provided data, their method sucks and it shouldn't be used in this videos context without full disclaimers of what the data actually represents.
I am considered upper class by all these measures so it doesn't affect me, but it will make the audience feel behind because they are being told the median is effectively 25k more than it is.
"side hustle" is not a good thing, it's panhandling, selling dope, stealing from your employer and etc. The term does not indicate extra work or part time job.
Comparison is the thief of joy - unless you’re Dave Ramseys daughter.
29 I make 160k but have 25k in student loan debt my only debt
Is it just me, or does the middle class average seem to be wildly large? I honestly thought households aren’t seen as middle class until the minimum income is more than about $120k.
Feel the same way.
I looked at the pew research they used, it's not accurate in this videos context, effectively the 'median' is the 56th percentile in their report. Even for the 56th percentile, I even think the number in general is wrong or is self-reported through surveys rather than government provided data.
It would mean that the ENTIRE population on MEDIAN has gotten almost a 30% pay raise from 2023 -> 2024. This is probably why you don't have rich people make videos on average / median familys.. This would immediately pop out as a red flag when suddenly more than half the population is now suddenly making over 6 figures.
I make 40k a year, guess im considered poor 😅 i live in Southern California
Heck yeah. I'm middle class.
Whoa! Homie in the EveryDollar example just paid $184 for gas! He must be from California and drive a moped.
Is that 106k/108k median even correct?
That seems wildly incorrect. All the numbers I see point towards about 80kish being the median...
Ah yes thanks for reminding me I’m beyond lower class
Is that double incomes or single income?
Household income
The only person that you should compare against is yesterday's self.
Im poor. 😅
what with the eyes ?
''not one for comparison.''
what a crock. rache lives to compare.
the bottom line, who cares? really
a shame ramsey, inc has gone this direction...
First
I'M NONE, WHY. ?
HOW MUCH MONEY IS ENOUGH TO BREATH
I'M JUST HAPPY I HAVE
NO CREDIT
NO LOANS
NO CREDIT CARD
NO MONTHLY PAYMENTS
NO CAR PAYMENT
I SAW ALL THAT YEARS AGO AND I WAS DETERMINED TO AVOID, ALL OF THAT, SO I DID.
THAT MAKES MY LIFE RICH , IN THE KNOWING I'M FREE AND THAT IS PRICELESS 👌👍
back to including unnecessary background music, so many people stop watching because of this... no one would stop watching if it wasn't there.. just sayin'
Credit freeze Equifax, Transunion, Experian and Innovis. Freeeeeeee Deleted YOU! haahaha
I love numbers but I’m struggling with these numbers. For some example A household of 7+ people could fall into a completely different class level than a 2 person household even if both households earn the same amount of money.