‘Middle Class is a Mindset, Not a Number’: Most people are working class but don’t want to think that. Can you truly call yourself middle class?

Hi Money Minder,

Yo, I keep seeing all these posts arguing about what dollar figure makes one middle class. But hey, middle class is a mindset, not just some specific number, ya know? Most people are working class, but they don’t want to think that way.

So, here’s the deal – you’re middle class if you can do all of the following:

1. Own your own home
2. Go on at least one vacation a year
3. Have health insurance or can pay your healthcare needs
4. Can afford to send your kids to college
5. Have a retirement outside social security with a reasonable standard of living

Catch you later Money Minder!

Best, WiseSaver

Response from THE MONEY MINDER:

Hello There,

It seems like you’ve hit the nail on the head with your perspective on what makes someone middle class. Indeed, it’s about more than just a specific number in the bank account. It’s about stability and the ability to provide for your family comfortably. The criteria you laid out, owning a home, going on vacation, having health insurance, being able to afford your children’s education, and having a retirement plan, all contribute to that sense of security and well-being.

It’s important to remember that everyone’s financial situation is unique, and there are many factors that can impact whether someone meets these criteria. For some, owning a home might not be feasible due to high housing costs, or sending children to college might seem like an impossible dream. It’s about finding a balance and making choices that align with your values and priorities.

So, rather than getting caught up in arguing about the exact dollar figure that defines middle class, it might be more helpful to focus on what truly matters – creating a stable and secure future for yourself and your loved ones. By being mindful of your financial decisions, setting achievable goals, and seeking out resources for guidance and support, you can work towards achieving that middle-class mindset.

Remember, it’s not about keeping up with the Joneses or meeting an arbitrary standard – it’s about finding peace of mind and security in your financial well-being. Take small steps, make informed choices, and stay focused on what matters most to you and your family.

Farewell from THE MONEY MINDER.