People think I am full of it when I say that my household income (largish household with kids) is a quarter million a year and we are basically living like we are middle class. Money just doesn’t go as far as it used to.

As a millennial, I never would have imagined working my way up to this point only to find I can’t even buy a house. Oh sure, I could make the bare minimum down payment and get stuck with a super high mortgage payment, but if I lose my job or become disabled or unable to work, we would have no way to pay for it.

Groceries, housing, and insurance costs have more than doubled for us since 2019.

$250,000 a year is middle class and has been for a long time - it’s about how much a doctor (who isn’t in a particularly high-paying specialty) makes. DINKs with that household income could afford a million-dollar house.
By what definition of middle class are you considering $250,000 to be middle class? That’s greater than the 90th percentile income.
They’re saying that someone that makes $250,000 today lives the lifestyle that would have been considered middle class 20 years ago, not that that salary is at all a median

They absolutely do not live remotely like middle class people from 2003. Not even close.

It is crazy that you think they do.

I wasn’t saying that I thought that, I didn’t give my take at all, I was trying to be helpful in explaining what the other commenter meant. But since you’re calling me crazy…

To give my take on it, you’re right, there’s all sorts of ways that the lifestyles aren’t at all comparable, many things haven’t had the insane inflation that real estate has, so a person making 250k can obviously take a lot more vacations, go out to dinner more, buy more tech, etc than a middle class person from a few decades ago. But when it comes to buying homes, it gets a lot more comparable. Homes where I grew up have increased 4-5x in price over the last 25 years, so a family with a household income of 60k-ish (which is solidly middle class) buying a house that’s 3x their annual income would have been pretty typical in the early 2000’s. Now, if those same houses are being bought by households making 250k, it would be basically the same ratio of 3-4x their income.

So in home purchasing power (and that area only) low 6 figures is absolutely middle class, and anyone making under 6 figures has the home purchasing power of what used to be lower class