Reply to What’s the different between upper middle class and upper class?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Based on these responses you can be upper class while earning $100k in investments, sitting on a not for profit board and living extremely modestly. But upper middle while earning $1 million. [/quote]

We are borderline of UMC and UC. $3m HHI, few properties, can technically retire but cannot maintain current lifestyle without working.

Some people may say we are definitely UC. I consider ourselves UMC. [/quote]

What is your net worth? [/quote]

Around $15m, enough to retire but not maintain our lifestyle. We have 3 minor children.[/quote]

What's your lifestyle and yearly spend? At $15m you could spend >500k/yr forever. [/quote]

This is from a few pages back, but also about $15M net worth (no debt, no mortgage) and minor kids. We don’t feel like we’re in a place to simply not work either. [/quote]

What on earth are you talking about? What are you spending all of your money on? [/quote]

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