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Reply to "What is Middle Class....Really?"
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[quote=Anonymous]Middle income is not the same as middle class. The overlap between the two has to do with how the income is generated. Here's one way to think about it ([url=https://www.amazon.com/exec/obidos/ISBN=0671792253]Class: A Guide Through the American Status System[/url]): The Top Class (out of sight) Wealth through inheritance alone. Multi-generational. The Upper Class They often inherit a good amount of money, but they earn it too doing some slight and attractive type of work. The Upper-Middle Class They earn large amounts of money through things like investment banking, medicine, big law, etc. If they stop working, their income stops. The Middle Class Corporate white collar workers. The Proletarian Class A person making $100,000 is likely middle class, even if that's well above the median income. [/quote]
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