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

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[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.

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

Ah, so most people change social class when they retire?

Or (more likely) you have zero idea what you’re talking about[/quote]

I assume the PP was referring to people of working age. The goal, even for LMC, is to be able to retire (or at least cut to part time and collect some SS instead of working full time) in older age.

But in looking at 2 families in the thick of home buying, career decisions, childcare expenses, figuring out what level of outsourcing they can afford, etc. the UMC family is likely budgeting to some extent, making decisions on where to cut and where to splurge, dread expensive home repairs, and know in their minds their class standing could easily change with job loss or illness. UMC is much closer to MC or even LMC than they are the UC.

The truly UC aren’t scared about AI taking their jobs. They aren’t worried about future real estate being too expensive for their children to get on the property ladder. They aren’t worried about losing their health insurance if they get cancer and can’t work. It’s a level of security that most of us will never come close to because their money is doing all the work for them. [/quote]

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