Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I base it on quintiles and using HHI

Are you ready for a reality check DCUM

Poor 0-20% under 22.5k

LMC 20-40% 22.5k to 53.7k

MC 40-60% 53.7 to 95.8k

UMC is 60-80% 95.8 to 162.6

Rich is 80% 162.6+

A more DCUM version of this is below. Consider this a college graduate HHI chart

Poor 0-20% under 49.7k

LMC 20-40% 49.7k to 94k

MC 40-60% 94k to 146.8k

UMC is 60-80% 146.8k to 258.2k

Rich is 80% 258.2k+

Flawed, because rich is not the top 20% but maybe the top 1%.

I would argue, it is about comfort level:

Poor: do not know where the next meal is coming from. Income < 30K, assets ~0.
LMC/WC: one paycheck away from disaster. Income: 30-75K assets less than 5K
MC: Some safety net, but rarely eat out. 3-6 months from disaster. Most of the assets in the home. (Income :75K-150K), non-housing assets less than 50K
UMC: Money is tracked, but there is a strong safety net. College is funded; retirement is funded. (Income > 150K; assets less than 15 mil)
UC: No need to work. Money works for you, provides more income than jobs. Net Worth>15 mil (500K income from money)


In my life, I have been poor/homeless. I had no income, and $600 to my name. I had no safety net, and there were no jobs. I was an unfunded grad student during a recession.

I am now, by my definition, UMC; income ~ 180K; assets ~1.6 million.

DP.. also ^ those %iles are national and does not account for col. $100K in a rural area means you are living UMC. In DC, SF, NYC.. it's lower middle class.

Anonymous wrote:

Anonymous wrote:I base it on quintiles and using HHI

Are you ready for a reality check DCUM

Poor 0-20% under 22.5k

LMC 20-40% 22.5k to 53.7k

MC 40-60% 53.7 to 95.8k

UMC is 60-80% 95.8 to 162.6

Rich is 80% 162.6+

A more DCUM version of this is below. Consider this a college graduate HHI chart

Poor 0-20% under 49.7k

LMC 20-40% 49.7k to 94k

MC 40-60% 94k to 146.8k

UMC is 60-80% 146.8k to 258.2k

Rich is 80% 258.2k+

Flawed, because rich is not the top 20% but maybe the top 1%.

I would argue, it is about comfort level:

Poor: do not know where the next meal is coming from. Income < 30K, assets ~0.
LMC/WC: one paycheck away from disaster. Income: 30-75K assets less than 5K
MC: Some safety net, but rarely eat out. 3-6 months from disaster. Most of the assets in the home. (Income :75K-150K), non-housing assets less than 50K
UMC: Money is tracked, but there is a strong safety net. College is funded; retirement is funded. (Income > 150K; assets less than 15 mil)
UC: No need to work. Money works for you, provides more income than jobs. Net Worth>15 mil (500K income from money)


In my life, I have been poor/homeless. I had no income, and $600 to my name. I had no safety net, and there were no jobs. I was an unfunded grad student during a recession.

I am now, by my definition, UMC; income ~ 180K; assets ~1.6 million.

Anonymous wrote:

Anonymous wrote:I base it on quintiles and using HHI

Are you ready for a reality check DCUM

Poor 0-20% under 22.5k

LMC 20-40% 22.5k to 53.7k

MC 40-60% 53.7 to 95.8k

UMC is 60-80% 95.8 to 162.6

Rich is 80% 162.6+

A more DCUM version of this is below. Consider this a college graduate HHI chart

Poor 0-20% under 49.7k

LMC 20-40% 49.7k to 94k

MC 40-60% 94k to 146.8k

UMC is 60-80% 146.8k to 258.2k

Rich is 80% 258.2k+

Flawed, because rich is not the top 20% but maybe the top 1%.

I would argue, it is about comfort level:

Poor: do not know where the next meal is coming from. Income < 30K, assets ~0.
LMC/WC: one paycheck away from disaster. Income: 30-75K assets less than 5K
MC: Some safety net, but rarely eat out. 3-6 months from disaster. Most of the assets in the home. (Income :75K-150K), non-housing assets less than 50K
UMC: Money is tracked, but there is a strong safety net. College is funded; retirement is funded. (Income > 150K; assets less than 15 mil)
UC: No need to work. Money works for you, provides more income than jobs. Net Worth>15 mil (500K income from money)


In my life, I have been poor/homeless. I had no income, and $600 to my name. I had no safety net, and there were no jobs. I was an unfunded grad student during a recession.

I am now, by my definition, UMC; income ~ 180K; assets ~1.6 million.

Anonymous wrote:I base it on quintiles and using HHI

Are you ready for a reality check DCUM

Poor 0-20% under 22.5k

LMC 20-40% 22.5k to 53.7k

MC 40-60% 53.7 to 95.8k

UMC is 60-80% 95.8 to 162.6

Rich is 80% 162.6+

A more DCUM version of this is below. Consider this a college graduate HHI chart

Poor 0-20% under 49.7k

LMC 20-40% 49.7k to 94k

MC 40-60% 94k to 146.8k

UMC is 60-80% 146.8k to 258.2k

Rich is 80% 258.2k+

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is 200k HHI and 350k net worth?

Is that lower middle, middle or upper middle class?

That is poor money management

That depends on how long you have had that income. If you are 50 and have had that income for 15-20 years, poor money management, if you are 30 and have had that income for 3 years and have a child in daycare you are doing well.

Anonymous wrote:

Anonymous wrote:What is 200k HHI and 350k net worth?

Is that lower middle, middle or upper middle class?

That is poor money management

Anonymous wrote:

Anonymous wrote:What is 200k HHI and 350k net worth?

Is that lower middle, middle or upper middle class?

That is poor money management

Anonymous wrote:What is 200k HHI and 350k net worth?

Is that lower middle, middle or upper middle class?

Anonymous wrote:

Anonymous wrote:Can we not with the salary?

We made 236k last year. Live in a 400k house and have 4 kids and are squarely middle class. In fact some people might consider us lower middle class.

There are several variable involved. How much you make. How many kids. Family money. Assets.

Well you are middle class.
Def not rich. Rich people don’t live in 400k house in DC area.

Anonymous wrote:1m