What would mid-class or making average money in America be? According to U.S. Census Bureau, the median household income is around $60,000. But would you feel like a mid-class with this much money? Well, according to an anonymous couple from NY, who earns ten times of this amount, or $500,000 to be exact (yes, half a million dollars) they say they are feeling like mid-class after all of their annual expenses.
Both spouses work as lawyers, they are 35 years old and have 2 children. This is their detailed list of expenses after which they are left with $7,300 for savings each year.
Of course, people on the internet had a lot to say about how their half million dollars, 3 vacations a year and $18,000 on charities makes them feel ‘average’.