Monday, February 2, 2009

What is Middle Class?

Are you a middle class American? Well Middle Class refers to the median income (aka the medium income) it can vary for where you live. The range is anywhere from $34,000 to as high as $100,000 or more. It also depends on how many people are in your family. Oregon median income is approx $47,100 for a family of 4.

Now what is poverty: In Oregon poverty is defined by money vs. people in your household, a family of four (husband, wife, and two kids) should make $21,200 or less to be in poverty. 

Now I guess if you make somewhere between $21,200 and $47,100 you might be poor or even lower middle class. I can think of a few people I know who are aspiring to someday fit into that poor or lower middle area... how about you?

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