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Reply to "What is Middle Class....Really?"
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[quote=Anonymous][quote=Anonymous] Makes sense. BTW, for readers unfamiliar with real wealth, here's a hierarchy: https://www.joshuakennon.com/the-hierarchy-of-the-rich-in-the-united-states/[/quote] It's weird that this article doesn't seem to include a category for UMC professionals who accumulate wealth over time. I guess they fall into the "Millionaire Next Door" category, but it's pretty odd that they weren't explicitly called out. Yes, doctors and lawyers have to work for a living. But the savvy ones also save and invest. They many not get to the point of mid-six figure passive income, but they can do pretty well and generate low six-figure passive income...which is a lot of passive income.[/quote]
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