Reply to Upper middle class

Forum Index » Money and Finances

Reply to "Upper middle class"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]The 350k and 800k poster are so out of touch with reality.  That's upper class. By far![/quote]

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

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.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics