Reply to Why do so many affluent people insist they have "middle class" values?

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[quote=Anonymous][quote=Anonymous]Good points.  I think one factor that seems to confuse people is that you can't simply call yourself middle class because you look at other rich people and say "I don't have the same stuff they have so I am not rich, but middle class".  There is an astronomical difference in wealth among the top 2% (me vs. Warren Buffet for example) that is many, many orders of magnitude different than the difference between the PP with a 20k HHI and a DCUM family with a 300k HHI.  That's just the way the top strata works out.  It's the same at the bottom too.  Just ask the guy with zero HHI living in a box if he's the same as the guy making 17k.

TL;DR - simply looking at what someone else has that's in the same group as you doesn't make you a group or two less because you don't have what he has.[/quote]

Actually I think that's a very good summary. If you ask each person in the group: middle class, upper middle class, and the truly rich to list out the things they have, and compare their lists, you'll see that the middle class and upper middle class is a lot more similar than the lists between upper middle class and the truly rich. I am not even saying the difference between you and warren buffet. Just compare someone in the DC metro area making the median of $100k, top 2% of $450k, vs someone making $5M a year. The $5M guy is living a *MUCH* more exclusive lifestyle.

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