Reply to 200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart

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Reply to "200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

I totally agree. If you *have* to work for a living, you aren't rich. The English class system, which we base ours on whether you want to admit it or not, was based on this very idea. You were either of the "leisure" class and pursued hobbies all day long or you worked. UMC people could be pretty well off but if you were still working to make money, you were not Upper class.[/quote]

You are conflating "rich" with "Upper Class".  Even in England, this is no longer the case...radical shifts happened around the turn of the last century where "middle class" tradespeople became much wealthier than the traditional landed aristocracy (this is basically what the entire series Downton Abbey is about).

[b]UMC probably ranges anywhere from a HHI of $200K (exact figure debatable) to several millions.  [/b]It's a large income range, but it still accounts for a tiny fraction of people.  Some UMC people manage to save and invest to the point where their salaries are no longer their primary means of support (e.g. they no longer "have" to work).  I guess in the US, that's pretty close to being UC.

All of these people, UMC and UC, are rich by any standard other than Daddy Warbucks and the Forbes 500.[/quote]

So then you agree that making an income in the mid six figures or even high six figures doesn't make you rich. Thank you. Someone sees sense.[/quote]

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