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Reply to "Where do you draw the line between upper middle class and upper class?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are absolutely upper class by economic standards (hhi @$1M) but we don’t live an extremely upper class lifestyle. [b]We live in nyc and own our home and a second home and pay for private school[/b] but we don’t take super luxury vacations and don’t fly first class with our kids, don’t buy or wear designer clothing etc. We budget and make choices about how we spend our money because it isn’t unlimited. I think that’s the reality for a lot of UMC and UC families. There’s a big difference between $1M hhi and $10 or $100m. [/quote] oh ffs. Your are UC. You live in NYC, own a home, and a second home, and pay for private school (that probably costs like $50k/year), but you think you are only UMC?[/quote] I said I was UC - but pointed out corrrctly that even within that “class” there is a very large spread. We don’t actually fly first class period unless work is paying for it (and we both work). We still think a lot about how we spend our money whereas people who are really rich likely don’t… not that we aren’t rich (or upper class) but we aren’t really rich. [/quote]
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