Half the world's population is now middle class or richer

[contestgamer]

SpokenTruth said:

contestgamer said:

That's not rich, that's middle class. 12k isnt going to get you much. You're not going to be able to afford vacations throughout the year (maybe you'll be able to squeeze out a few weeks a year) You can't afford a second vacation house or even a first house or condo in a nice urban area like Manhattan, Toronto etc. You cant afford a decent boat, luxury hotels (except for a few days) etc. 12k gets you nothing except a roof, food and some local entertainment.

Let's try this again.  I highlighted the key point.  This is spending, not earning.  And spending $12,320 per month sure as hell is not middle class.  If you are spending that, you are earning a lot more than that.

100% wrong. I earn roughly in that territory and spend virtually all of it every month, leaving me with hardly any savings. (in Manhatten) This is shared just between 2 people. 100k a month you can say is somewhat rich, 12k is not. There's a million things you can't do at 12k a month spending. Just because many make less than that doesnt make that rich. It only allows you to live relatively comfortably without worrying about being hand to mouth. That's not rich.