. >> americans are chronically undersaving, these people who have $300 in the bank, or if anything at all, maybe a couple hundred thousand in a retirement account. if their car breaks down, if they lose a job, get a divorce, it can spell medical disaster. >> bryce you've made an interesting counterexample. in new york, a high cost of living place in america, i just read that the average apartment is well over $1 million in new york that the median income in new york is $58,000. is median the right way to look at this? >> well, depends on what we're talking about right? i think a lot of people in this country, i understand where it's coming from see middle class not based so much on numbers but on a state of being, a standard of living because that's a way a lot of politicians talk about it. that's the way a lot of us talk about it. but middle class means something based on numbers. it is the people in the middle and we have a lower class and upper class and if we are looking at median income, which is a good prks o approximate ofs going on, median income is 58,000 a year. while i unde