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Reply to "If you consider yourself Upper Middle Class (and you live in the DMV)..."
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[quote=Anonymous][quote=Anonymous]Love these people making 500k+ a year and thinking they are anywhere in UMC salary ranges. Delusional. We made 990K this year. We started making 500k per year about 7 years ago. At 600K, we owned a boat, built a custom home, and were able to save for college and our retirement. At 800K, we bought a bigger boat (a 500K yacht) an old sports car, remodeled, and traveled several times a year. And now at 990K, we have saved 175K for our child's college, invested a lot, and have huge emergency savings and retirement. I have not been UMC in a long time and just because you people making this kind of money may not spend it like we do, doesn't change the fact that you are no more UMC than I am or was.[/quote] Cannot find one single expert who agrees with your absurd claims for umc status. Way too high. Despite your dubious powers of logic, you are definitely umc in terms of income anyway. Pew has a calcultor that includes social aspects of class as well. Here's a breakdown on income class for 2019 incomes for a family a three, according to Rose's analysis: INCOME GROUP INCOME Poor or near-poor $32,048 or less Lower-middle class $32,048 - $53,413 Middle class $53,413 - $106,827 Upper-middle class $106,827 - $373,894 Rich $373,894 and up [ READ: Fight Back: How to Combat Racial Wealth Inequality. ] https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/ https://www.cnbc.com/2019/09/14/how-many-americans-are-considered-upper-class.html Middle class can mean different things to different people. You can think of middle class as a certain lifestyle, a state of mind, or a strict measurement of wealth. And how you define middle class determines who falls into it. Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live. According to a Pew study released last fall, the median income of middle-class American households is $74,015, based on Census data from 2016, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.) As you can see in the map below, that benchmark income tops $84,000 in Rhode Island and Maryland and approaches $75,000 in Florida. That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households. And during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. Plus, the top group has seen bigger income gains, widening the income gap. [/quote]
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