Lots of people in here fighting about what "working class" means. If you have to work to survive (other than minor household chores), you're working class. If you have enough money, or assets that you get dividends from or can borrow against, or passive income so you don't need a regular employment then you probably aren't working class.
Working Poor isn't as common and definition varies a lot.
- 10,000 seconds = 2.8 hours
- 100,000 seconds = 1.2 days
- 1,000,000 seconds = 11.6 days
- 10,000,000 seconds = 116 days
- 100,000,000 seconds = 3 years
- 1,000,000,000 seconds = 32 years
Don't be fooled. It's billionaires against everyone else. Even multimillionaires are closer to the everyday person. The working class consists of two groups: those without disposable income (nominally those with "hours" in income), and those with some disposable income (days in income).
If they ain't got a "year" in income, their they're one of us.
ITT: lots of people making very concrete statements about cost of living that somehow apply equally to every single city in the US at the same time
Workers work because they have to. Owners own and work if they want to.
Trying to label everything in concrete terms like this does nobody any favors.
I know plenty of very high earners that are just stupid with money and blow it as fast as they get it. People making $300k+ and living paycheck to paycheck with no savings or retirement because they bought two $100k+ cars, overextended themselves on buying a house, spend hundreds a week on restaurants and shopping, etc.
Are they the “working poor”?
As far as working class goes, sure if you want to break it down into only a two class structure then yeah. You’re either working class or owner class. That ignores a lot of nuance though within the working class. There’s quite a bit of difference between someone at the bottom of the working class and someone like a high earning professional that still needs to work, but has a much higher standard of living.
I disagree. You are NOT poor just because you end up without money at the months end.
My brother is an perfect example. He earns A TON of cash every month. Nearly as much as I, my fiance, my Dad and Mum combined.
And still he lives from payday to payday without any reserves. Because he can not handle money.
He eats in restaurants at least ten times a week. At least twice in highest luxury restaurants. He has leased four different cars in three years, none less than €2000 per month. Lifes in an absurdetly huge penthouse. Buys his girl friend so much bullshit she gave me a €5.000 collier because she ran out of space and I drove her home after parties a couple of times. But still he asked Pa and me several times for fuel money at the end of the month.
See, if he would live like I do he could live two years from one months earnings.
So you think I am poor I guess?
Nope. I own a huge plot of land. I am going to build my own house and I am talking about a nice big house made from stone at the gates of Munich where land is expensive and houses are even more expensive. I have paid generous amounts of pension insurance. If I would stop working in five years when I am 35 I would be a made girl and could live from my savings although on a low level.
Good meme
Image Transcription: Twitter Post
AshleyStevens, @The_Acumen
Too many of you are confused about your class status. If you can't afford to miss a paycheck, you're the working poor, and part of the 80% of Americans living paycheck to paycheck. If you HAVE to wark to survive, you're working class.
At least you've got class.
Not when health insurance is a fixed cost and retirement savings match is a percentage. People needing more money have it better than people making less.
And Elon musk does not represent you. Stop talking like his fight is your fight. We’re not all in this together.
