Reply to Where do you draw the line between upper middle class and upper class?

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Reply to "Where do you draw the line between upper middle class and upper class?"

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[quote=Anonymous][quote=Anonymous]Class is more about lifestyle than income and assets. Most places in the US, we would have a more upper class lifestyle, but we live close to DC and so we’re UMC.

UMC - we own our home and drive well maintained, reliable cars. We go on 1-2 vacations a year and pay for travel sports and music lessons for kids in local public schools. We own stocks and we save money for retirement and college. We work in white-collar knowledge based jobs. We have investments and will inherit money, but we will need to work full time until a traditional retirement age of 65.

Upper class is like UMC but has 2 or more of the following:
kids in private school 
2nd home 
2+ vacations, some international or luxury accommodations 
[b]Doesn’t need to work a W-2 job or is able to work a passion job[/b]
Home is professionally decorated and/or landscaped
Makes most decisions based on personal preferences instead of cost/value/ROI

Really this is the key piece.

I'm sorry, but if you can't afford to maintain your lifestyle if you stop working, you're not UC.

Middle class is like UMC except instead of being a relaxing, enjoyable lifestyle they have to budget carefully to make it all work. They make choices between retirement and college saving. They may have to choose between expensive extracurriculars for the kids and vacations. If they don’t make sacrifices or trade offs, they are living in debt or can never retire. 
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