/biz/ - Business & Finance

>>20305542
Two bobs and one vagene

>>20305542
$1M in USA

what is considered middle class in the third and second world?

>>20305542
Panamanian fag reporting in, where are you from senpai

>>20305638
Less than $70k for a family with one child.

>>20305665
I'm from Laos.

>>20305726
>less than $70k
thats lower middle class in most of the states
america really is a third world shithole

>>20305638
Tough question considering people in undeveloped countries don't accumulate wealth, it's not because we don't want to but genuinely can't most of the time, so classes brackets aren't measured in net worth rather on income and lifestyle.

Whatever you have like a house, car etc... You still owe that to the banks

>>20305542
Middle class in America is:
300k-800k house
50k-200k salary
few hundred thousand in investments

>>20305726
most americans have zero savings. america is third world

>>20305795
what do u mean people in developed countries don't accumulate wealth? people in less developed countries tend to have much higher savings rates than in US

>>20306151
sorry i meant, "what do u mean people in UNdeveloped countries don't accumulate wealth?"

>>20305784
>america really is a third world shithole
I keep saying this but no one wants to accept it.
>>20306108
Most Americans are in debt so have a negative net worth.

>>20305542
Middle class doesn't exist anymore. There's only the extremely rich and the poor. All you third worlders coming into the West only makes everything worse.

100k yearly salary buys a middle class life in the US where I live.

>>20306234
not for long it wont. In NYC anything under 150k salary is considered poor

>>20306234
Same, pretty comfy at just over 100K a year so far. Bought a house too

>>20306176
That's because united states of America is a "developed" country. I was thinking about western Europe