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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]No, that's not what I said.  I said that UMC vs UC has nothing to do with rich.  Most UMC people are rich (especially someone with a mid-six figure income). [b] I consider myself UMC and rich (HHI of $600K)[/b]...even in a HCOL area.[/quote]

You are out of touch with reality.  Several people have pointed out that the top 1% of the DC metro area is somewhere around $450K and the top 1% of DC is just over $550K.  You are easily in the top 1% of the region.  With over 2M households, you are in the top 20K households in the region.  How does that make you only upper middle class.  If you are anywhere in the middle class, including in the upper middle class, only a couple thousand households in the region with over 2M households would be upper class.

You are in the top 0.5% or less of the nation where the top 1% is about 400K.  While you may not feel rich, you are so far above the median that you really don't have much in common with the median.  Yes, you are not in the 0.1% of the nation that are super wealthy that can afford a jetsetting lifestyle, but you really are nowhere close to the middle or even upper middle class.  You are upper class by every definition of the class structure.  See a few examples at [url]https://en.wikipedia.org/wiki/Social_class_in_the_United_States[/url] where you are comfortably into the range called the corporate class, the upper class ($500K+) or the super-rich ($350K+) by various sociologists.

A couple of different sources from 2015:
[url]http://money.cnn.com/2015/01/27/news/economy/top-1/[/url]
[/quote]

I'm really not the person you want to be arguing with...I consider myself to be very rich.  I think the distinction between UMC (or even UUMC) and UC isn't about being rich, it's about whether you have to work for your income or not.    That being said, UMC vs UC is a pretty useless distinction for things like taxes.  Policy-wise, I think mine should probably be higher.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics