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2.5 Million Black Men Are in the Upper Class
- Thread starter entremet
- Start date
Where are you looking and do you both have a decent amount saved up? I'm Chicago as well with no serious plans to buy a place until I get my student loans down below 10K so that the interest doesn't hurt.
I was casually looking around and there were homes in Lakeview for $200K to $250K... They went fast
Unless they post how many black men are in America so I can see if a good percentage of us are doing well I can't get a real good picture
Like is it 2.5million out of 50million black men or 25million just an example
Like is it 2.5million out of 50million black men or 25million just an example
~41 million Black Americans overall (2016 Census Estimate)
https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk
Half of that is 20.5 million.
OP
OP
Cohort is smaller once you use the 50 year male marker of the study.
Wow there's so little of us I never really thought about it like this
I guess 2.5 million out of 20.5 is good or just ok as long as we have a good middle class
We decided not to buy because everything in our range wasnt what we were looking for but we were looking up to 325k for a two bed two bath and the options were not great. There was one place in Buena Park we liked but we didn't like it enough to buy it. With the property taxes and HOA even with a decent downpayment it would have been 1k more than we spend for rent so it wasn't worth it.
My guy your combined income is well above the average middle class bracket
OP
OP
1971 unofficially. So these men would be right in the middle of it. Someone born in 71 would be 46/47.
Occupation? Socioeconomic Mobility? Age? Where you live?
If we're going by what determines how Americans perceive their own social class then add race and education to that list too.
Heartening news is always welcome but I could do without the subtle bootstrap bias they provide in the passage.
Same. My wife and I make a hair under 200k and I probably have a heart attack if someone said that I'm upper class. Classes are notoriously difficult to define but if they're describing upper class as anything below 300k or so then I can't agree with the definition.
Same. My wife and I make a hair under 200k and I probably have a heart attack if someone said that I'm upper class. Classes are notoriously difficult to define but if they're describing upper class as anything below 300k or so then I can't agree with the definition.
If you make over 200k a year you are firmly in the upper-middle class. You make more money than the vast majority of people do.
OP
OP
That's a great household income. Are you in a high cost area?
Median household income is 50k. You're close to 4x that.
unless you live in like DC, NYC, or the Bay Area, there's no way you could be pulling close to 200k and not think you're upper class. Tf?
Well that's crazy if they're using nationwide numbers. Black people disproportionately live in urban areas, where the costs of living are higher. So such a metric would provide a distorted picture of black financial power I think.
As someone else said, you're definitely in the middle class, if not upper middle class.
Your cost of living must be putting a dent in your finances, which is sadly the case for many middle class Americans.
Here's my view.
Yesterday my wife and I went shopping at the Mag Mile, a popular shopping/touristy area out here in Chicago. We drove up to the area, parked and went on a short walk before shopping. As we walked we noticed all of the people out on Lake Michigan enjoying the weather from their private boats. Those people are upper class. As were the people spilling out of their lake-facing condos to walk their designer dogs.
If those people woke up tomorrow and made what we made, they would jump off of their boats with cement shoes on.
Now I think that we are solidly middle class, no denying that. We're comfortable enough to go shopping in a nice area. And the people in those stores helping us shop are probably lower/working class. The people begging outside of the shops were obviously in abject poverty.
That's what the classes look like from my perspective.
Same city and same POV. I would say we are staunchly middle class. We don't spend money like crazy have a nice rental in a decent area and a regular car. The people I think are upper class are the ones in the Loop and Streeterville having 200+ dollar dinners weekly and living in the lakeside condos. I grew up in a military town in the south and if we made what we make in Chicago there we would be upper class for sure.
OP
OP
Too late? The justice system already got you, fam. Ving Rhames almost caught one.
Says the guy with the penthouse on the hills on southern CA.
Soon as you walk in your crib you got Tony Toni Tone themselves singing "It Never Rains in Southern California"
We really posting locations? I recently relocated to the gulf coast. Prime real estate.
The Arabian Gulf Coast? Had no idea you was splurging like that. Bring me an IG model.
Man, I make barely 60k. Single income household of five. Living comfortable, but certainly not luxurious, Small home on 1/4 acre plot, used cars, some cool electronics junk...
If I made 200k I'd be a fucking king, and would probably be semi-retired by now.
If I made 200k I'd be a fucking king, and would probably be semi-retired by now.
My household income is more than double yours and it sounds like you can afford a lot more. It just depends on where you live. I always thought making six figures would make you rich and it's far from the truth.
