How much interaction do the "mass rich" have with the super-rich?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Through the kids' schools. Beyond that the super rich live in a world unto themselves.

This. I grew up on the low end of mass rich and went to school with several kids whose families were on the Forbes 400 including George Soros and Rupert Murdoch. Our parents were not friends.

Yes, they stay away and isolated. It is very sad condition to be super rich. They are afraid of little people who
might ask them for something.. opportunity .. money.. etc. They don't want to be bothered.
It is a lonely lonely isolating world. It so much more fun to be poor. You can actually
be among people and interact with them on normal human level without all that
distance and protection from them. You can live in normal homes among other homes
without gates, security people, armed cars and without worry that someone
is after you all the time. What a feeling of freedom that no money can buy.. priceless freedom.

Good to be poor.

This. I sort of feel bad for people who ‘make it,’ at least the ones who become famous by it. (Rich, but not famous would be great, but the richer you get the more people you employ/influence/your name gets around).

Tangent: The worst possible is famous but not rich. Also in the Central FL area, just after the Pulse Orlando shooting, there was a Voice contestant whose time on the show was over ..she was on a mini tour. And after a show, she was doing autographs, this guy came up and shot her. He was a ‘fan’ or something.

[Anonymous]

My god I am embarrassed to have even opened this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Working rich is an income category above upper middle class, but if those people retired now they’d have to cut way back on their lifestyle, and wouldn’t be able to pass down much if any wealth to their families.

Where do you draw the line Iroughly) between "upper middle class" and "working rich"?

[Anonymous]

^ (roughly)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Working rich is an income category above upper middle class, but if those people retired now they’d have to cut way back on their lifestyle, and wouldn’t be able to pass down much if any wealth to their families.

Where do you draw the line Iroughly) between "upper middle class" and "working rich"?

Tough to say as there is overlap amongst the higher and lower end of all income ranges depending on stuff like cost of living, debt load, if the HHI comes from one income earner with a SAH spouse vs. two income earners, and even occupational prestige and education level. Personally I would say UMC in this area tops out at HHI 300k; beyond that are the “working rich.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Working rich is an income category above upper middle class, but if those people retired now they’d have to cut way back on their lifestyle, and wouldn’t be able to pass down much if any wealth to their families.

Where do you draw the line Iroughly) between "upper middle class" and "working rich"?

Tough to say as there is overlap amongst the higher and lower end of all income ranges depending on stuff like cost of living, debt load, if the HHI comes from one income earner with a SAH spouse vs. two income earners, and even occupational prestige and education level. Personally I would say UMC in this area tops out at HHI 300k; beyond that are the “working rich.”

(Wanted to fix the messed-up quote tags)

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Working rich is an income category above upper middle class, but if those people retired now they’d have to cut way back on their lifestyle, and wouldn’t be able to pass down much if any wealth to their families.

Where do you draw the line Iroughly) between "upper middle class" and "working rich"?

Tough to say as there is overlap amongst the higher and lower end of all income ranges depending on stuff like cost of living, debt load, if the HHI comes from one income earner with a SAH spouse vs. two income earners, and even occupational prestige and education level. Personally I would say UMC in this area tops out at HHI 300k; beyond that are the “working rich.”

(Wanted to fix the messed-up quote tags)

^ That seems reasonable. So a typical UMC family income is in the 150-300K range and "lower upper" after that. And maybe the "out of sight" $1 million+ per year.

[Anonymous]

I grew up well off. Parents worth around 5MM plus their houses. I’m in my 30s and I’m personally worth close to 2MM.

I had very little in common with the truly rich. There is a divide. I’m aware many of you think me rich but put it this way, we could never afford the Park Avenue lifestyle. It is just a different world.

[Anonymous]

I grew up professional class rich. Both parents are doctors...probably high six figure/very low seven figure HHI. Growing up, their friends were pretty much all like them.

At some point, though, their very close social circle came to include a couple Forbes list people. They are immigrants from the same country as my parents who are self-made. Without the cultural connection, though, I'm doubtful my parents would ever know let alone socialize with people like that.

[Anonymous]

Anonymous wrote:Through the kids' schools. Beyond that the super rich live in a world unto themselves.

Yep, through school is how Kate Middleton met Prince William. And the super-rich I know who married outside of the super-rich met their spouses in school.

[Anonymous]

I took the same classes as their kids in college ($$$ private school). Studied abroad with some of them. They weren't really interested in being friends or even that friendly (I was kind of clueless and went into some of the smaller classes thinking I would make friends). It became clear they only hang out with those like them. Meh, whatever.

[Anonymous]

Anonymous wrote:I’m aware many of you think me rich but put it this way, we could never afford the Park Avenue lifestyle.

Must be tough!

[Anonymous]

Anonymous wrote:I took the same classes as their kids in college ($$$ private school). Studied abroad with some of them. They weren't really interested in being friends or even that friendly (I was kind of clueless and went into some of the smaller classes thinking I would make friends). It became clear they only hang out with those like them. Meh, whatever.

Similar experience at a small $$$$ private college. The super rich kids were both protective and protected. They didn't attend parties or engage in classroom chat. They had their own off-campus homes to hold private parties and spent most weekends away. One time I told a girl I liked her dress (she was not famous; in fact I didn't know her name or anything about her) at a formal event for students at the medical school of the closest big university. I recognized her from campus. She looked at me like I just shat on the floor in front of her.

[Anonymous]

^ This is why the "normal rich" can delude themselves that they're "middle class" in some way. After all they are "in the middle" between their secretary and the super-rich who feel they snub them.

[Anonymous]

Who cares? Given the disgusting wealth gap in this country, they can all suck it.