Reply to How much do I need to earn per yr to be considered millennial one-percenter?

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[quote=Anonymous]From the article above...

[quote]"It takes a long time for people to change their view of what class they're in," Gordon says. "That's especially true since the current definition of middle class is so broad that it excludes only the top 1 or 2 percent and the bottom 10 or 20 percent."

Gordon says popular culture also limits understanding of class, reinforcing the idea that all people are in the middle.[/quote]

This is also a huge part of the confusion. The rich have a vested interest in portraying themselves as not-rich in the US, as part of our national monomyth prizes equal opportunity (despite lower social mobility in the US than in Europe). As a result, most rich people describe themselves as middle class or UMC, even when a simple consultation of income percentiles would reveal this to be rubbish. People who make more than 97% of other Americans (i.e., the 270k HHI threshold and up) are not "middle class", but they self-describe as such for the socially protective label. Because most Americans have no idea of where income percentiles actually stand, most Americans believe them.[/quote]

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