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Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"
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[quote=Anonymous][quote=Anonymous]Investors are telling us that wealth isn’t just about having a certain amount of money. The majority of investors define wealth as having no financial constraints on what they do. But when asked to assign a dollar amount to being wealthy, they say it takes $5 million. http://retireby40.org/how-much-money-feel-wealthy/[/quote] If you read the rest of the article, it says the real problem is [b]lifestyle inflation[/b]. If you read the above posts, it's obvious to most of us reading that truly fall into the statistical numbers for middle class in this area that most of the people quoting incomes above $200K have lifestyle inflation. Sorry, but being able to afford the yearly trip to the Caribbean, plus private school and nanny clearly puts you outside the middle in this area. [/quote]
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