I heard you on the earnings call a little while ago about a week. 60% of that c your customer base earns over 100,000 a year average household income. Are we just at a point in the economy where that consumer if you make over 100,000 hey you just need some free food.No. I think there's a bit of a bit of misinformation that's been communicated over the last few days. What I said distinctly on the earnings call is that 60% of our consumers average household income is over $100,000 a year and they're still spe ...

We learned that 60% of our core users are over $100,000 a year in income in average household income. That gives us confidence that we can lean into that group in a more meaningful way whether it's the solo occasion and or group occasions to really drive meaningful transaction performance in the. ...

Core Insights - The definition of middle class varies based on household size, location, and financial stability, not just income [3][6] - For three-person households in 2024, middle class income ranges from $55,262 to $167,460, based on the national median income of $83,730 [3][6] - The cost of living significantly impacts the perception of middle class status, with variations across different U.S. metro areas [4][8] Income Thresholds - Middle class income for three-person households in 2024 is defined as between $55,262 and $167,460 [3][6] - Single individuals have a lower income threshold for middle class status, while families of four have a higher threshold [7] Cost of Living - The cost of living varies widely, affecting the middle class definition; for instance, Jackson, Tennessee has a cost level 13% below the national average, while San Francisco is nearly 18% above [4][8] - A salary of $65,000 may be comfortable in some regions but insufficient in high-cost areas like San Francisco or New York [4] Financial Profile - Financial stability, including debt levels and savings, is crucial for determining middle class status beyond just income [6][9] - In 2023, 51% of Americans were classified as middle class, a decline from 61% in 1971, with increases in both lower and upper class populations [9]

Household income is a sensitive subject for many. If you're starting to make your own money, see how you stack up to learn if you're above or below average. https://t.co/R0QFjN960O ...

Core Insights - Texas is ranked as the 14th most affordable state to live in, with a cost-of-living index of 92.1, which is below the national average, although utilities are more expensive compared to other states [1] - The definition of "upper class" in Texas is based on net worth, with the 75th to 90th percentile representing a net worth between $714,000 and $2.1 million [2] - The minimum household income required to be considered upper class in Texas is lower than the national average, with specific figures varying based on household size [3][5] Cost of Living - Texas has a cost-of-living index of 92.1, indicating it is more affordable than the national average, except for utilities which are pricier [1] - The average personal expenditure per capita in the U.S. is $60,783, with larger households incurring higher expenses [4] Upper Class Definition - The upper class in Texas is defined by net worth, with a range of $714,000 to $2.1 million for individuals in the 75th to 90th percentile [2] - The minimum household income to be considered upper class varies by household size, with specific thresholds for two, three, and four-person households being $163,970, $182,825, and $216,568 respectively [5] Income and Household Size - A three-person household in the U.S. needs to earn over $169,800 to be classified as upper-income, which is $13,025 lower than the requirement for the same size household in Texas [3] - Larger households require greater income and net worth to maintain upper-class status in Texas [4]

Income - To be in the top 10% of Americans financially, a household income of at least $234,769 is required according to experts at DQYDJ [3] Emergency Savings - An individual needs $20,000 or more in emergency savings to be among the top 10% [4] - A significant portion of Americans, 42%, reportedly have no emergency funds, highlighting the low savings levels [5] Retirement Savings - To qualify for the top 10% in terms of retirement savings, an individual must have $460,000 in retirement accounts such as 401(k)s and IRAs [6] Net Worth - The top 10% of net worth is defined as having at least $1.92 million, which is calculated as total assets minus total liabilities [7] - General financial health guidelines include avoiding debt, living below means, and consistent investing [7]

Core Insights - The U.S. Census Bureau reported a modest increase in median household income from $82,690 in 2023 to $83,730 in 2024, reflecting a rise of just over $1,000, which kept pace with inflation [1][2] Income Distribution - Asian and Hispanic households experienced a median income increase of approximately 5% from 2023 to 2024, while Black households saw a decline of around 3%, and white households remained relatively unchanged [3] - The widening racial pay gap is highlighted, with the median income for Black households significantly lower than that of white and Asian households in 2024 [3] Gender Pay Gap - The gender pay gap widened in 2024, with full-time male workers seeing wage increases of 3.7%, compared to just 1.5% for female workers, impacting households where women are primary earners [4] Economic Impact of Income Increase - The additional $1,040 per year translates to about $86 per month, which, while seemingly small, can have a strategic impact if utilized effectively [5] - For example, using the extra $86 to pay down credit card debt can reduce interest costs and repayment time, or it can serve as a small emergency fund [6] Cost of Living Considerations - For families facing rising costs that outpace wage increases, the additional income may be quickly absorbed by essential expenses such as rent, groceries, and utilities [7] - Recommendations for managing finances include renegotiating insurance rates, scrutinizing grocery bills, and reducing discretionary spending to reclaim some of the additional income [7]

Households earning between $50,000 and $100,000 are trading down, cutting back and feeling increasingly strapped, while high earners keep on spending https://t.co/yqyYEM7YLl ...

Households earning between $50,000 and $100,000 are trading down, cutting back and feeling increasingly strapped, while high earners keep on spending https://t.co/NI8GKWHAdU ...

Consumer Spending Trends - Households earning between $50,000 and $100,000 are reducing spending [1] - Higher income earners continue to spend [1] Economic Impact - Middle-income households feel increasingly financially constrained [1]