Where do you draw the line between upper middle class and upper class?

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.yahoo.com/finance/news/line-between-middle-class-upper-110130857.html

Varies by state.

I love that you provided actual data.

Short version - upper middle class ends around 200k in DC/MD/VA (175 in Virginia as whole, NoVa would probably be closer to 200k)

If you are talking about Virginia as a whole, it is not $175K.

More like six figures or $100K in many places. $75 in some. VA has many impoverished areas.

[Anonymous]

Anonymous wrote:We're definitely UMC in terms of income, but don't feel that way because we're in a very normal looking house in a neighborhood that legitimately feels middle class: no house is over 900k, all close together and suburban from the 90s. I think of UMC presenting people as much fancier in much nicer houses, and upper class I don't see as a class in the US at all, I'd just think "ultra rich" like Bezos.

We had a friend visit from the south. He was surprised at our modest house because he was able to buy a much nicer one and have a stay-at-home wife.

We both had FT jobs.

Anyway, 20 years after that visit, he was laid off and had to take a lower-paying job. His wife had to start working (at a late age in life so she doesn’t earn much). I always thought he had it better than us.

I still feel like you, PP. We have a modest lifestyle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Upper class doesnt have to work. They can live on dividends and businesses.

Nonsense.

That's a common definition. The dividing line between UC and UMC is the necessity to work to maintain the standard of living and to give your kids the same standard of living.

But you need to define the standard of living. Huge difference living in a 1 bedroom condo in the suburbs and living in a 5 bedroom mansion in the Palisades. Some people could quit working and live in the first situation even if the could not do the second one.