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[quote=Anonymous][quote=Anonymous]For me UC is rich with no need to work in order to maintain lifestyle UMC well off, but work is required to maintain lifestyle. Most things are affordable with little to no budgeting necessary MC can afford to live comfortable if modestly LMC can afford to live modestly, but unexpected expenses or interruptions in income can be disastrous. LC makes too little to afford necessities with paycheck [/quote] This leaves too much room for variation. One person is happy living on $50k/year in retirement. Between social security and modest investments, she has "no need to work in order to maintain lifestyle." Is she more upper class than someone in the rat race earning 7 figures, hanging out at country clubs, taking fancy vacations, sending his kids to private school? Even though his net worth is many millions, there's no way he can stop working and still maintain the same lifestyle. Not yet, at least. But still - I think everyone would agree, looking at the two scenarios, that the working stiff is living a higher class life than the modest retiree.[/quote]
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