After
reading the interview from people in the so-called "middle class",
sincerely I do feel that in Malaysia, earning a household income of
above RM3,000 (gross income) is not considered as "middle class" but
merely in the middle of Low-Income group and Medium-Income group.
Never
mind the classification, it is no longer good to be in the middle
class, USA has the biggest middle income group and now is suffering from
higher effective tax rate and lower income prospect.
Work
harder can only ensure survival, as the increase of cost of living is
outrun the increase of salary, we need to work smarter as well as harder
in order to enjoy a better life. Well, for me, work smarter include
looking for extra source of income at lowest possible cost (i.e.
required number of hours).
More reading: The Star, 16 October 2011, Tackling Woes of the middle class.
Was it good before for middle class people?
ReplyDeleteMaybe also learn how to earn less? Some middle class people spend like a higher class people because they want the status to be there.
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ReplyDeleteyoung and still have young children it really is quite natural to want to
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