How much money is needed to be middle class in Houston?

Episode Transcript

Speaker 1 (00:00):
Forty one thousand works for a single person, but if
you have a family, one hundred and twenty five thousand
might not cut it.

Speaker 2 (00:06):
If you're married and you're going to have children, the
one hundred twenty thousand dollars is more appropriate, but that
would have to be after tax income and some assumptions
about low to no student loan debt.

Speaker 1 (00:15):
Economist Thank Lewis says the numbers are higher when factoring
in suburbs, and it signifies the declining middle class.

Speaker 2 (00:21):
Changes in policies, changes in the global economy have shaken
things up so much that the typical middle class income
seems to be so much more elusive.

Speaker 1 (00:30):
He says, lowering essential costs, we'll bring back the true
middle class. Andre Perard, News Radio seven forty KTRH