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Old 08-22-2018, 04:23 PM   #75
Jason14h
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It really depends if people think Upper Class is Rich, or the top 15%, etc.


To me, there is a class of their own, which is the "I don't have to work anymore" If you are able to quit your job today and never worry about $$ again, you are (probably) rich. Is this upper class? Or is this above upper class?



I would classify two working professionals making $200K combined as upper middle class. They probably aren't stressing paycheck to paycheck, have savings, have newish stuff, and can vacation. However, if they stop working, they will be in trouble relatively quickly and/or have to drastically change lifestyle


Middle Class is earning enough to comfortably own a home if required, own a car if required, but need to budget and plan, etc.



Lower Middle Class is paycheck to paycheck but still being able to afford basic need things on your income


Lower Class is the people who struggle to live on their paychecks, no assests, no savings, etc


Just a general guideline, and as people have said, someone can appear to be upper middle class and broke, and someone can appear to be middle to lower middle and have tons in the bank.
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