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Reply to "Why do so many affluent people insist they have "middle class" values?"
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[quote=Anonymous][quote=Anonymous]I believe the upper middle class feel so strongly that the belong in the middle class because of two reasons: 1. They work very hard to get to where they are. They made sacrifices, took the extra effort, and battled there way into their current income situation. It's not easy. There might have been some element of luck, but mostly you get out of life what you put in. Working hard and earning a solid/comfortable living with what you earn is a main middle class value. 2. They see the full spectrum of how people live - they get a good view of the truly rich from friends, business acquaintances, social circles, and etc. They know how they live themselves, and they see how median Americans live. They realize that they are closer to how the median Americans live, than how the truly rich people live. The median income people can imagine how glamorous a million dollar home, nanny, BMWs, 529, and retirement savings are. But the truth is that these are not all that glamorous. They are fairly mundane compared to what the truly rich indulge in. I have nothing against the truly rich, I aspire to be one. :) [/quote] I agree with this completely. Both 1. and 2. are spot on. I moved from middle class to upper middle class/entry level rich solely because a) I'm a high earner married to a high earner and b) my middle class values taught me to save my money and invest for long term gratification, as opposed to working class friends, who spend any money they can free up.[/quote]
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