<p>my parents make over 100,000 each year. they only have to support two kids. is that considered rich or middle class?</p>
<p>same as my parents id say definitely middle class
think it will suck for college apps</p>
<p>mine make slightly below that, but with 2x the kids. middle class but if you're like me, financial aid is not going to be good at all</p>
<p>That's richer middle class. My Dad makes $80,000, colleges think we're rich but I'm going to be swimming in loans next year.</p>
<p>that's middle class all the way, but you are with the majority of most americans.</p>
<p>no, that's not richer middle class, usually. Upper middle class make a ton more</p>
<p>Really? So I'm poorer? Cool! Maybe there's hope.</p>
<p>6 digit income is definately upper middle class.</p>
<p>No it's not. Upper middle class is considered like the top 10-15% of all people, I think. It's just middle class. no upper</p>
<p>your EFC will roughly be a 1/4 to a 1/3 of your before tax income.</p>
<p>to get a better guess try one of the EFC calculators</p>
<p>Well let me tell you from experience. both my parents bring in $140,000 together and we have some real estate assets. I consider ourselves just a slightly above middle class. I got ZERO aid from USC, which supposedly has one of the best financial aid programs in the nation. im tellin ya, middle class gets screwed hard with the aid process</p>
<p>An [url="<a href="http://en.wikipedia.org/wiki/Class_in_the_United_States%2C_circa_2004%22%5Darticle%5B/url">http://en.wikipedia.org/wiki/Class_in_the_United_States%2C_circa_2004"]article[/url</a>] in wikipedia explains it this way, which "jives" with my conceptions of upper-middle class:</p>
<p>A largely professional upper-middle class. Individuals within this class rarely have the elite social privileges lavished upon the upper-class, but normally have access to high-quality education. Individuals within this class typically make between $75,000 and $200,000 per year, though individuals with smaller incomes but valuable cultural capital (such as graduate and professional students) are sometimes included, as would be a well-to-do "stay-at-home" homemaker who declines occupational work by choice. Since class has as much to do with occupational prestige and lifestyle as with salary, highly-compensated blue collar workers are usually not considered "upper-middle class".</p>
<p>That was really useful ampersand. The current figures may be a bit different because of inflation, financial aid policies, etc., but I think those are good guidelines.</p>
<p>i still say 100,000 today is just middle class, maybe slightly upper middle class but no way is it rich</p>
<p>tell that to my parents. i'm not applying to hundreds of scholarships because my parents can afford college</p>
<p>Median family income (US, 2003 figures) is 52K.</p>
<p>My theory is that 80% of the population considers themselves 'middle class' or 'upper middle class'. Many want to be rich; few want to be considered rich. And many don't recognize it when they are rich (in part because expenses always increase with increases in income, and in part because we often don't realize what really makes us rich).</p>
<p>Carry on-</p>
<p>middle class. regular middle class.</p>
<p>median household income went up $10,000 from 2002 to 2003?
could you provide a source please?</p>
<p>
[quote]
Median household money income in the United States in 2002 was $42,409, 1.1 percent lower than in 2001 after adjusting for 1.6 percent inflation. Under four alternative income definitions that deduct income and payroll taxes and include the value of various noncash benefits, real median household income did not change for three of the four income alternatives and declined 0.8 percent for income after taxes.
For the second consecutive year the poverty rate rose, from 11.7 percent in 2001 to 12.1 percent in 2002. The number of poor increased also, by 1.7 million, to 34.6 million poor in 2001.
[/quote]
<p>I don't think $100,000 per year is middle class. It may not be Scrooge-McDuck-money-vault rich like celebrities or athletes, but it's pretty well-off (however, I guess it depends on where you live--100k in rural Iowa is great, but 100k might not be so great living in Manhattan).</p>
<p>Holey cheese. Anything in six figures is not middle class; it's upper-middle.</p>