Quote:
Originally Posted by GordonBlue
for me, those families making over $200,000 no matter if that's partly stock options. from my viewpoint, I don't consider that middle class any longer. if your family makes $250,000 and are living paycheque to paycheque, that's a spending problem not an income problem.
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Honestly, I think that determining upper class has more to do with net worth than income. When you think of really, truly rich people, many of them don't work at all. That's what makes it hard to determine the lower end of Upper Class - they don't even use the same measuring stick.
It's a fairly safe bet to say that a net worth of $10 million is Upper Class. I would also hazard to say that a net worth of $1 million is too "easy" to achieve to consider that person Upper Class - truly upper class. Heck, with enough savings, and time, anyone making $100,000 a year can make it to $1 million net worth, but their lifestyle and circumstances would be really hard to classify as "upper class". Especially considering that's achievable by high school teachers
