Quote:
Originally Posted by nik-
I think this article in the Atlantic is a good benchmark of where to put the upper class line.
The top 9.9% At this point you start getting serious generational advantages as a result of upbringing.
https://www.theatlantic.com/magazine...ocracy/559130/
However, upper middle class is a thing, and "the middle class" is a notoriously flexible definition.
Also, if you make 200k and are not getting way ahead, you suck at financial management. |
Agree mostly with what you have stated. If the groups are to mean anything, there must be some commonality amongst the group. The 9.9 seems to be a level that is much different from the family earning a median income. Not sure what the lower level should be, but I think a similar methodology would make sense, with a view of net worth and a view of how many multiples it would take to scratch the surface of the middle class.
My one quibble is the last line. If you are making 200k, you are probably getting ahead, but now way would you be "way ahead" if the goal is the 9.9. With the concentration of wealth, you are probably inching your way up, with the bar continuing to move up at likely a similar pace.