Reply to What do you consider an UMC HHI?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What I make is "normal."  People who make more than I do are rich.  People who make less than I do are poor.

-- Everybody[/quote]

Nah, just folks who don't know where income percentiles land. http://money.cnn.com/calculator/pf/income-rank/index.html
[b]
And relative to the planet, nearly every household in the US is in the global top 1%. So based on that, we're all rich.[/b][/quote]

No one cares about that. They are what their neighbors and friends make: the people around them.[/quote]

This.  I think the problem is quit calling it upper middle class then

People want to know where they fall amongst their peers

Say for example two working parents with grad degrees what is the 60-80% percentile income for people like this in DC.  I would argue that is at least 250k[/quote]

agree. two educated working parents in WDC area likely made $250-350k+ by their mid-30s and beyond. And even more if one if them is in a more time-consuming but lucrative profession.  This would be UMC, likely have two cars, public school, childcare, a few vacations a year, a SFH, and saving for college and retirement.

Upper class is more like $600k+ and results in a very nice new home, foreign vehicles, $50k/year of private school tuitions + 10k extracurriculars PER KID, and very pricey vacations. However, most people living like this have wealth (trust funds, significant income-producing investments), not $600k of ordinary income taxed at 50%. [/quote]

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