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Reply to "What is the “upper” in upper middle class?"
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[quote=Anonymous][quote=Anonymous]A number of baby boomers moved from UMC to lower upper class. This would be educated professional with a net worth of over $8M. [/quote] Interesting. They grew up UMC, then moved to lower upper class? Where did this move happen? I've seen the reverse with some friends who are now adult children of baby boomers/Gen X parents. They grew up UMC/"low" rich, but professional choices/other extenuating circumstances preclude living like they did as kids through their mid-20s. A couple are subsidized by their parents though not all. I grew up working class and DH and I have ended up doing well. One of these friends has ended up rather bitter even though she will probably inherit 6 figures or more when her parents pass away. [/quote]
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