RUMOR - Biden to announce cancellation of student debt

[CJD]

(08-24-2022, 07:36 PM)Belsnickel Wrote: So, income classes are usually determined based on not just salary, but household size as well. $35k individual would be upper-lower to lower-middle depending on location, even if you're just paying for yourself. Now, I would've rather seen it as the joint income cap being $125k, or maybe $150k, as that would be on the upper end of middle-income in the US. $250k in most places is in the upper-income tier.

If anyone is curious, btw, here is a calculator from Pew for this: https://www.pewresearch.org/interactives/are-you-in-the-middle-class/

I assumed I'd be considered upper class because I'm an engineer making pretty solid money for my age, but according to this calculator, a family of 4 like mine in Cincinnati is considered middle class all the way until the family income is $151,225 (Yes, I iterated out the exact number), so I've actually got a ways to go haha.