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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So what do ya’ll say about people who grew up MC/UMC but now make a lot of money and have amassed millions?

Because I would say we are still UMC even though we have a lot of money relative to the population (I don’t think it is easy to change your class just because you have a grad degree and a high HHI) but this always gets shouted down when the topic comes up on the money board.

Can you be middle class yet have a bank account with say, 5 million?[/quote]

More importantly- how did you make this money? And can I (early 40s woman) get into this profession??[/quote]

finance + selling stock in an IPO[/quote]

"Upper Middle Class" isn't a thing. It's a story affluent working people tell to themselves and their children. Having $5m in the bank (particularly if you also own an expensive home, etc) means you're not any level of middle class. You may not feel that way because you're usually looking up and not down, and because your nest egg isn't so big that you can stop working (given current lifestyle) or guarantee the same level of success for your children, but it's true. Figure out how to describe yourself to yourself without leaning on the words "middle class" because doing so contributes to generations of little assholes who think they've bootstrapped themselves into life as a debt-free college grad because they were "upper middle class."

[b]Also the classiest thing imo is a destitute but socially prominent long-term houseguest, preferably in an accessory building.[/b] [/quote]

Holy crap, my in-laws have a destitute but socially prominent long-term houseguest. She helps care for their horses, she was a professional equestrian at one time on the national team.
[/quote]

The destitute, socially-prominent houseguest is a real thing????  I’ve never heard of that.  [/quote]

PP with the inlaws who have one...AMA. She is from a prominent family with money, hence being able to afford becoming a professional equestrian in her teens and twenties. But I think she doesn't have the best relationship with her own family, hence becoming destitute and moving in with my in laws.[/quote]

That is kind of your inlaws.   Are they UC people? [/quote]

Eh, I mean, they fit a lot of the WASP stereotypes described here--they're of English stock, in the US for generations, show dogs and horses, have a vacation home on the water, but are  frugal and drive older American cars and wear LL Bean and eat boring food. 
[/quote]

Income-wise, they don't have tech or wall street type money. But they're comfortably retired and can afford travel/second home, their dogs and horses, etc.[/quote]

Your in-laws fit my personal stereotype of old money/UC people.  The old, modest cars and LL Bean clothes especially.  Mayflower families.[/quote]

They really like to drive Chevrolets, and drive them into the ground. They also have had a Subaru and liked it.[/quote]

My parents said the worst procession of ancient cars they ever saw was at a Boston Brahmin wedding. My parents used to drive their cars into the ground, too. Fussel’s book points out that, when you have a great house full of antiques and lots of social standing, you don’t need to advertise your income with your car/suv. [/quote]

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