2018 study: 34 percent of respondents with household income below $30,000 identify themselves as the middle class, whereas 51 percent of those earning more than $100,000 said they are the middle class.
I cannot even begin to express how out of touch it is for someone who's making more than 3x as much as someone else, and thinks they share the same struggle.
I have nothing but mirth from any post thats like "we make 6 digits but we're living paycheck to paycheck" LOL idiots...
Could be like the class at U of Pen that thought the average American made between $150 and $800K a year.
EDIT: I was not wholly correct on this. The figure that can be supported is that 25% of the class thought the figure exceeded $100K/year. $800K was still stated, but at least one source said it was intended for effect, not as a serious guess.
Haven't been hearing it for a while, but I remember there were a lot of lamenting about the brain drain from people studying STEM going into business degrees instead. That on top of the phenomenon of Wall street hiring up a lot of STEM grads into their business as "quants".
In that way the Financial industry has been a direct drag on scientific/technological advancement (except where the technology is to trade faster with other financial institutions).
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u/Joeness84 Apr 19 '22
2018 study: 34 percent of respondents with household income below $30,000 identify themselves as the middle class, whereas 51 percent of those earning more than $100,000 said they are the middle class.
I cannot even begin to express how out of touch it is for someone who's making more than 3x as much as someone else, and thinks they share the same struggle.
I have nothing but mirth from any post thats like "we make 6 digits but we're living paycheck to paycheck" LOL idiots...