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re: What do you consider "Upper Middle Class"?
Posted on 3/17/14 at 2:51 pm to schexyoung
Posted on 3/17/14 at 2:51 pm to schexyoung
quote:
Upper Middle class in my mind is at least 120k* gross earnings and at least 300k* net worth
That's just average for around here. I live in Fairfax County but it's right there with Loudoun.
quote:
Median annual household income: $115,574.
The nation’s richest county used to be a sleepy rural farmland with some 300 dairy farms, but now only one dairy remains. It has benefitted from its close proximity to Washington D.C. and the boom in federal government spending.
1
Posted on 3/17/14 at 2:51 pm to Corkfather
I'll be ballin' hard with my $50k starting job. 
Posted on 3/17/14 at 2:51 pm to barry
quote:
250k salary I'd say.
quote:
That would put you in the top 2% of all US households
I guess it depends on your definition of Rich or Upper class.
Some rich people make 250k per year but have money, some middle class folks make 250k a year but dont nearly have the money.
I'd consider the true upper class less than 1% of the population
This post was edited on 3/17/14 at 2:52 pm
Posted on 3/17/14 at 2:51 pm to VABuckeye
quote:
That's just average for around here.
quote:
The nation’s richest county
:sigh:
Posted on 3/17/14 at 2:51 pm to Chris Farley
quote:
Considering US median household income is ~50k, I would say somewhere around 100k and upper class would be anywhere above 250k.
So, what do you call the income that falls between 100k and 250k?
IMO middle class is from 75k or so to 250k. If you make over 250k you're probably considered upper class. from 150k to 250k upper middle class. 75k to 150k middle class.
Posted on 3/17/14 at 2:51 pm to Traffic Circle
quote:
Because many are in school and still believe the dreams that the professors are weaving.
Some of us graduated and the 'dreams' became a reality. So we're now considered upper middle class in our 20s and don't see ourselves as such.
Posted on 3/17/14 at 2:51 pm to barry
quote:
So upper middle class ends at the 98th percentile of income?
It certainly doesn't begin there.
Posted on 3/17/14 at 2:51 pm to Old Money
quote:
That is relative to where you live. 250k in Miami is pretty normal
No it's not, the median household income is around 45k
Posted on 3/17/14 at 2:52 pm to Old Money
quote:
Dade county is very big. Median Income of the city I grew up in was $125k and it had 70k residents. It is an average suburb in the area as well.
You said Miami. Not some random suburb.
Posted on 3/17/14 at 2:52 pm to NYCAuburn
quote:
I'd consider the true upper class less than 1% of the population
But the thread is about upper middle class.
Posted on 3/17/14 at 2:53 pm to barry
I'll be more specific next time. You clearly knew I wasn't referring to a shite hole area.
Posted on 3/17/14 at 2:53 pm to Old Money
quote:
I'll be ballin' hard with my $50k starting job.
I make a good bit more than that and I'm single, it's definitely enough to do pretty much whatever I want.
Throw some chirren in the mix, I'd be fricked.
Posted on 3/17/14 at 2:53 pm to VABuckeye
quote:
But the thread is about upper middle class.
and upper middle class is the percentile group below that
This post was edited on 3/17/14 at 2:54 pm
Posted on 3/17/14 at 2:55 pm to Salmon
quote:
:sigh:
My point was that someone was saying $250k as upper middle class. That number IMO is high and by a good bit. The median household income in the country's richest county in $117000 so saying a $250k salary defines "upper middle class" is a bit absurd.
This post was edited on 3/17/14 at 2:57 pm
Posted on 3/17/14 at 2:55 pm to Corkfather
quote:
It's crazy that people on here think that salaries in the range of $150k are commonplace
Everyone I know makes over $100K.
Do you work Bro....
Posted on 3/17/14 at 2:56 pm to PetreauxCat
quote:
Some of us graduated and the 'dreams' became a reality. So we're now considered upper middle class in our 20s and don't see ourselves as such.
I know that feel. I don't feel upper middle class at all, but apparently to some people in this thread I am.
Posted on 3/17/14 at 2:56 pm to NYCAuburn
quote:
and upper middle class is the percentile group below that
It wouldn't be JUST the 98th percentile. It would be a range, no?
Posted on 3/17/14 at 2:56 pm to VABuckeye
I was throwing a random number out. The frick do I know. I just like how upset everyone got
Posted on 3/17/14 at 2:57 pm to Hoyt
quote:
What do you consider "Upper Middle Class"?
everyone on the OT except for Peej
Posted on 3/17/14 at 2:57 pm to Epic Cajun
quote:
I don't feel upper middle class at all
of course you don't because people don't compare themselves to people that have less than them
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