Reply to What is the “upper” in upper middle class?

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[quote=Anonymous][quote=Anonymous][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]
My kids are growing up UMC, though my wife and I grew up solidly MMC. It’s going to be tough for our kids to maintain this level, or go higher. Everything would have to break the right way for them- schools, spouses, career etc. The ladder in the US seems to have gotten very slippery in the last couple of generations. [/quote]

yes, agree. my one friend here who has gotten kind of bitter used to mock her parents' bougie ways, but I don't think really explored how she benefited from their largesse. Now that she is divorced, has student loans from grad school (her parents' wallet began to close at some point), and an interesting but not overly high paying job, she has really latched onto how I and a few others live. She wasn't interested when I counted my pennies in that first decade out of college, but she def has opinions now. [/quote]

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