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[quote=Anonymous][quote=Anonymous]Middle income is not the same as middle class. The overlap between the two has to do with how the income is generated.

Here's one way to think about it ([url=https://www.amazon.com/exec/obidos/ISBN=0671792253]Class: A Guide Through the American Status System[/url]):

The Top Class (out of sight)
Wealth through inheritance alone. Multi-generational.

The Upper Class
They often inherit a good amount of money, but they earn it too doing some slight and attractive type of work.

The Upper-Middle Class
They earn large amounts of money through things like investment banking, medicine, big law, etc. If they stop working, their income stops.

The Middle Class
Corporate white collar workers.

The Proletarian Class

A person making $100,000 is likely middle class, even if that's well above the median income.

[/quote]
This is an interesting classification, and it certainly fit in with my conception of our family as middle class/upper-middle class.  We have zero inherited wealth but are doing fine for ourselves, as long as we're able to work the jobs we have.

I am trying to find the calculator, but I ran across one recently that said middle INCOME for a family in Fairfax county was something like $110-$125K.  I think it was assuming a modest mortgage payment and at least one child in some sort of daycare/aftercare, but that didn't surprise me either.  I think income and class stratification are definitely different.[/quote]

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