Definition of Classes

[Anonymous]

The other thread about the middle class earner only bringing in a million dollars a year got me thinking.

What is the definition of working, lower, middle, and upper class?

[Anonymous]

Me (no matter who is speaking): Middle Class
Anyone who asked more: Upper Class
Anyone who makes less: working class and lower middle

[Anonymous]

This is an endless debate on DCUM.

British class system from my understanding is aristocracy/middle class (professionals)/working class (blue collar).

US seems more income-based.

[Anonymous]

Let's see: how many ways can we possibly ask this question?

[Anonymous]

Anything below 150k is poor. Middle class is 150k-300k, UMC is 300-1M, upper is 1M+

[Anonymous]

Anonymous wrote:Anything below 150k is poor. Middle class is 150k-300k, UMC is 300-1M, upper is 1M+

That's about right, but below 90k is poor

[Anonymous]

Anonymous wrote:Anything below 150k is poor. Middle class is 150k-300k, UMC is 300-1M, upper is 1M+

lol

[Anonymous]

My make $20k a year working very part time. My investments bring in $200k a year. Not having to work for money was always the goal. Still middle class?

[Anonymous]

Anonymous wrote:Me (no matter who is speaking): Middle Class
Anyone who asked more: Upper Class
Anyone who makes less: working class and lower middle

Correct

[Anonymous]

If you have to work for a living, you’re working class.
If you can live off investments and not elderly, you’re wealthy.

There’s no other meaningful distinctions.

[Anonymous]

Anonymous wrote:If you have to work for a living, you’re working class.
If you can live off investments and not elderly, you’re wealthy.

There’s no other meaningful distinctions.

God I hate people who say this

[Anonymous]

Anonymous wrote:My make $20k a year working very part time. My investments bring in $200k a year. Not having to work for money was always the goal. Still middle class?

What investments?

[Anonymous]

Anonymous wrote:If you have to work for a living, you’re working class.
If you can live off investments and not elderly, you’re wealthy.

There’s no other meaningful distinctions.

That’s silly. If I make $1M/year and have $5M in investments, and I’m in my 40s, and my family and I like to live large, we’re still wealthier than the retiree with $1M who lives comfortably on social security and investment income. He doesn’t have to work for a living, but I’m still richer.

[Anonymous]

The mistake most people make is conflating wealth with class.

[Anonymous]

Anonymous wrote:The mistake most people make is conflating wealth with class.

They are mostly inseparable in the US. Class is basically where you live, income, assets and education background.