Upper middle class

[Anonymous]

What HHI is upper middle class for you?What do you do,your income and what class you consider yourself?

[Anonymous]

Anonymous wrote:What HHI is upper middle class for you?What do you do,your income and what class you consider yourself?

$150k-$200k (IT/consulting) though around here I hear people suggesting that is less than upper middle. I think people with higher HHI like to say they aren't upper class because they aren't in the 1%, and want to cling to the idea they understand the common folk.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What HHI is upper middle class for you?What do you do,your income and what class you consider yourself?

$150k-$200k (IT/consulting) though around here I hear people suggesting that is less than upper middle. I think people with higher HHI like to say they aren't upper class because they aren't in the 1%, and want to cling to the idea they understand the common folk.

+1

[Anonymous]

We are in our mid/late 40's w/ a HHI of roughly 350k.

For the DC area I would guess we fall in the top 30% of middle class.

For most of the country (outside big cities) we're probably on the very low end of upper class. But if we lived there we sure wouldn't have the same HHI.

But I really don't know anything about how these categories are determined, the above is just reflective of how I feel about our economic status.

[Anonymous]

We are in our mid-30's with a HHI of $800k. DH is a doctor and I work in finance. We live in a million dollar home, drive nice cars and go on luxury vacations. We are not country club people. We will be able to easily pay for our children's college education. We are upper middle class.

[Anonymous]

We are in our low-40's with a HHI of $350K. DH is a doctor and I work in health policy. We live in a million home, drive decent cars and vacation internationally each year. We are not country club people. We will be able to pay for our 3 children's college educations. We are also upper middle class.

[Anonymous]

The 350k and 800k poster are so out of touch with reality. That's upper class. By far!

[Anonymous]

NET WORTH NOT HHI. AGAIN.

[Anonymous]

Anonymous wrote:The 350k and 800k poster are so out of touch with reality. That's upper class. By far!

800k poster here. We are not upper class. We are very comfortable but far from rich.

[Anonymous]

Anonymous wrote:The 350k and 800k poster are so out of touch with reality. That's upper class. By far!

I am sure they are also the ones who give $50 as a wedding gift.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The 350k and 800k poster are so out of touch with reality. That's upper class. By far!

800k poster here. We are not upper class. We are very comfortable but far from rich.

Sorry, but you don't get to define it. 800k puts you well into the 1% so you are, by most definitions, upper class. The net worth poster was spot on. You can't really have this discussion without deciding which model you are going to use. There are a bunch out there, but there are a few in this Wikipedia posting - http://en.wikipedia.org/wiki/Social_class_in_the_United_States. Some use HHI and some use net worth. I'd argue the real marker is some combination of the two.

The problem we run into when this comes up is most of these models are countrywide - NOT DMV SPECIFIC. Just because the guy down the street from you has a net worth of 50 million, belongs to a country club and has a nicer house doesn't make him "rich" and you one level below that. If we were to come up with a DMV model it might be slightly different, but I still think most of the PPs would be doing very well. Last I remember the average HHI around here is 80k-ish so you guys making 4-10x times that are probably at least upper middle or higher.

[Anonymous]

Anonymous wrote:NET WORTH NOT HHI. AGAIN.

Exactly. It's not how much you make, it's how much you spend and if you are spending more than what you earn and have a negative net worth, you are not upper middle class.

[Anonymous]

150k-250k

I make 170k and it's not extremely rich in this area, but definitely upper class.

[Anonymous]

Upper middle class is below one percent so it should be 300-554k in DC.

http://www.huffingtonpost.com/2015/01/26/1-percent-in-each-state-map_n_6548222.html

[Anonymous]

http://www.washingtonpost.com/local/what-it-takes-to-be-a-1-percenter-in-the-washington-area/2012/02/01/gIQA571JiQ_story.html