Schu basically is stating that they are more or less with his 94th percentile number argument.

No he isn't schu is talking about the 200 and whatever number posited by max or mjkidd (forget who)

Seems weird to invest so much time trying to take specific info and turn it intobroad definitions of wealth

When is it less meaningful to say "makes 300k living in Spokane" than fussing with where that falls in some lower/middle/upper spectrum?

adios doesn't know how to read. I was referring to that idiotic 270k/yr number that was posted.

I am not investing time in this thread. I fully acknowledge and embrace the idea that I am consciously wasting my time. It's cool though.

Lower class

Upper middle class

Am I doing this right?

inherently, yes, this debate is a waste of time

one side has feelings, one has math.

This debate is incredibly interesting guys, good work

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Just popping in to lol @ max and I want an EBT card asap.

Maybe we should try defining lower-rich instead of upper middle class.

Lower-rich = golf club membership of greater than 50k/yr., a gardener, and a wife (or husband) that wears funny looking hats.

Alternatively, rich begins when you could not work, and live off investments.

Maybe we need the butler scale:

Work as a butler: Lol microstakes.
No butler: Middle class.
Have a butler: You're rich, beeeeeeeyatch!
Can't even get a job as a butler: Here's your Obamaphone get back in the food desert you poors.

Seems pretty accurate, imo.

addendum:

your butler has an assistant - you are bill gates

NYC is weird because there are a lot of poor people, not a ton of middle class people, a decent amount of rich people and then like 3 more tiers of ultra rich, uber rich, and mind-blowingly rich.

"My cousin doesn't have a butler, and he ain't worth ****."

I was really hoping you would make a joke about butler deserts.

It's like how Eskimos supposedly have 48 words for snow. Except, instead of inventing their own categories ("only-went-to-Brown rich," "late-model Audi A7 upper middle class"), New Yorkers glom onto words for regular people.

Lots of New York's middle class at any given time are wearing 'I New York' t-shirts.

I lolled

Rich people have a yacht, 3 homes, nice cars for everyone over 16, 2-4 full time household staff depending on if they have small children living at home or not. They spend well into six figures a year on entertainment excluding travel each year. Travel budget is also well into six figures per year. Mid six figure trust funds for all children. A rich guy can also divorce his wife and start a new family with a younger woman and support the same lifestyle for both families with no trouble. Should have eight figures liquid outside of retirement accounts by the time they are mid fifties.

Not sure what that translates to in yearly income but probably 3 million a year or so?

Sooo someone making 2 million a year isn't rich? Lol.