I’m confused about the class warfare that many people say is coming. I get the definition of poverty: a family of four with a yearly income of less than $25,000. But does $30,000 per year make you middle class? I think you would still be poor if you lived in parts of California instead of Georgia.
So, who is the middle class? My friend inherited $2 million but reports an earned income of only $35,000 to maintain her husband’s military benefits. Is she the enemy?
My Social Security, plus a small state teaching pension, amount to about $25,000 per year. However, I do have a stock portfolio. Am I the enemy?
My younger husband earns a six-figure income. Is he friend or foe?
If class warfare is inevitable, I need to know on which side of the barricades to stand.