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][quote=Anonymous]Upper class doesnt have to work. They can live on dividends and businesses. [/quote]

Nonsense. [/quote]

That's a common definition. The dividing line between UC and UMC is the necessity to work to maintain the standard of living and to give your kids the same standard of living. [/quote]
This, though in the US you will never get agreement on this topic. We like to think of ourselves as a class-less society, so we conflate wealth and class. Class is a social designation, and wealth is a financial one. While on DCUM I would say we are UC given our $1-1.4M HHI, technically I consider us to be UMC and rich. UMC because our lifestyle is primarily supported by W2 income. Rich because we are 1%-ers. Americans don't make this distinction much, though in the UK it's a natural part of society. You can have UC/aristocracy that is not particularly wealthy at all.

Years back on DCUM someone posted an article on class in the US. A big part of it had to do with education. If I can find the article I'll come back and repost. It was really interesting.[/quote]

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