Reply to What’s the different between upper middle class and upper class?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Upper middle has at least some income through a w-2 and actually needs to work to maintain their lifestyle/savings.

Upper class can fully sustain themselves with investments. [/quote]

Plenty of FIRE people “sustain themselves with investments.” But they are living on $100k a year in a LCOL area. That doesn’t make them upper class. [/quote]
But many upper class people are cheap as hell.[/quote]

For sure. But that doesn't have anything to do with whether or not they are UC.

My mother wouldn't let me order sour cream on my baked potato at Ponderosa because it cost 25 cents extra. Drive up the road from that Ponderosa (just about the only place we ever ate out, unless you count BK, which was also rare) a ways and you would come across a uni building with our name on it. Lol. She was a money hoarder -- it's a mental illness and had nothing to do with how much money there actually was, or the fact that she had grown up the way most UC people do. She was just nuts. I remember one evening at the Country Club we were having dinner with my grandparents and my grandfather looks up from the menu and says to my grandmother "Larla, we can't afford this!" and she just shook her head at him annoyed -- they could afford every dinner in the place and the building it was in to boot, and more. People have weird relationships with money and get very controlling around spending and sometimes having a lot of money doesn't really matter. My grandfather's dad jumped off a building in NYC in 1929 though (yeah, not a myth, it did happen) -- so we will allow him his trauma and controlling feelings around money. [/quote]
I'm so sorry your grandfather's family went through that, PP. Absolutely, that sounds incredibly traumatic.[/quote]

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