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Rich (Now with the Upper Middle Class) Rich (Now with the Upper Middle Class)

07-09-2014 , 09:00 PM
Quote:
Originally Posted by dessin d'enfant
Shows 91% self-identify as some variant of middle class...
07-09-2014 , 09:12 PM
120K is certainly upper-middle class, wtf
07-09-2014 , 09:13 PM
Quote:
Originally Posted by bobman0330
Shows 91% self-identify as some variant of middle class...
We were talking about people who self identify as upper middle class.
07-09-2014 , 09:14 PM
Quote:
Originally Posted by schu_22
120K is certainly upper-middle class, wtf
So again, a couple making 60k each get married and they are "certainly upper-middle class"? We have a term for this couple and its middle class.
07-09-2014 , 09:16 PM
Quote:
Originally Posted by dessin d'enfant
So again, a couple making 60k each get married and they are "certainly upper-middle class"? We have a term for this couple and its middle class.
That's an interesting question, but not what happened here. This was a man making 90k working full time and a woman working part time making 30k. Regardless, a married couple making 120k/yr is 72nd %tile.
07-09-2014 , 09:24 PM
median among married couples is 77K so yeah 120 is upper-middle
07-10-2014 , 07:21 PM
Quote:
Originally Posted by schu_22
median among married couples is 77K so yeah 120 is upper-middle
This is crazy. 2 people with college degrees and jobs getting married is not upper middle class. Upper middle class people can afford live in help if they want, pay fully for their kids education without loans and have 7 figure savings outside of their retirement accounts. There is a cultural difference between middle class and upper middle class that is more than just "I'm above the mean".
07-10-2014 , 07:22 PM
lol max
07-10-2014 , 07:40 PM
Quote:
Originally Posted by dessin d'enfant
This is crazy. 2 people with college degrees and jobs getting married is not upper middle class. Upper middle class people can afford live in help if they want, pay fully for their kids education without loans and have 7 figure savings outside of their retirement accounts. There is a cultural difference between middle class and upper middle class that is more than just "I'm above the mean".
My boss and his wife can't do that and they make $300-$400k between them. I don't think upper-middle class should be constrained by the ridiculous cost of housing in some areas and education everywhere. By your definition upper-middle class excludes all but about the top 1%.
07-10-2014 , 07:42 PM
Quote:
Originally Posted by dessin d'enfant
This is crazy. 2 people with college degrees and jobs getting married is not upper middle class. Upper middle class people can afford live in help if they want, pay fully for their kids education without loans and have 7 figure savings outside of their retirement accounts. There is a cultural difference between middle class and upper middle class that is more than just "I'm above the mean".
I got this as solidly upper class.
07-10-2014 , 07:44 PM
Quote:
Originally Posted by suzzer99
My boss and his wife can't do that and they make $300-$400k between them. I don't think upper-middle class should be constrained by the ridiculous cost of housing in some areas and education everywhere. By your definition upper-middle class excludes all but about the top 1%.
Thats a feature not a bug imo. You basically do need to be in the top 1% to be upper middle class in NYC/SF etc. In the vast majority of the US 400k will be able to do all the things I listed.
07-10-2014 , 07:46 PM
Max you are insane. In basically the entire midwest 400k a year gets you an enormous house, private schools, country club, nanny and very nice vacations, with room to spare for savings. I suspect whats going on here is you are trying to somehow classify yourself as middle class with your 500kish hedge fund job or something?
07-10-2014 , 07:51 PM
Quote:
Originally Posted by Riverman
Max you are insane. In basically the entire midwest 400k a year gets you an enormous house, private schools, country club, nanny and very nice vacations, with room to spare for savings. I suspect whats going on here is you are trying to somehow classify yourself as middle class with your 500kish hedge fund job or something?
Thats exactly what I said. 400k is more than enough to be UMC in all but the most expensive of places. Tons of people deal with god awful commutes to NYC just to have an upper middle class house/lifestyle that they couldn't get in Manhattan.

Last edited by dessin d'enfant; 07-10-2014 at 07:56 PM.
07-10-2014 , 08:33 PM
Quote:
Originally Posted by dessin d'enfant
This is crazy. 2 people with college degrees and jobs getting married is not upper middle class. Upper middle class people can afford live in help if they want, pay fully for their kids education without loans and have 7 figure savings outside of their retirement accounts. There is a cultural difference between middle class and upper middle class that is more than just "I'm above the mean".
THIS IS WHAT LIBERALS ACTUALLY BELIEVE!

(lol that's a joke guys)

Seriously awful posting right there.
07-10-2014 , 08:47 PM
Its amazing the stuff you don't know Ikes. "He comes from an upper middle class family....his dad is a high school teacher and his mom is a secretary" said nobody ever.
07-10-2014 , 09:31 PM
Quote:
Originally Posted by dessin d'enfant
Its amazing the stuff you don't know Ikes. "He comes from an upper middle class family....his dad is a high school teacher and his mom is a secretary" said nobody ever.
Pretty sure ikes just wants to pretend that physicians are rich, so an engineer and a dental assistant have to be solidly upper middle class...
07-10-2014 , 09:34 PM
well.... considering dems on this board tell me my future salary is above the rich line on its own, and my wife gets her doctorate tomorrow......

But **** it, UPPER MIDDLE CLASS baby, that's when you can afford a nanny and a mercedes and nothing before! That's what I'll be! Right there with the plebes.
07-10-2014 , 10:22 PM
Quote:
Originally Posted by dessin d'enfant
This is crazy. 2 people with college degrees and jobs getting married is not upper middle class. Upper middle class people can afford live in help if they want, pay fully for their kids education without loans and have 7 figure savings outside of their retirement accounts. There is a cultural difference between middle class and upper middle class that is more than just "I'm above the mean".
hoooooly **** lol

Tell me, what level of income do you put the cutoff between middle class and upper-middle class? Between upper-middle and upper class?

What percentile on the income scale are those numbers found? And what percentage of the American population do you classify as "upper-middle class?"

Tell us, I'd like another laugh
07-10-2014 , 10:25 PM
Family of four outside of NYC/SF? Probably around $270k/year. It has nothing to do with percentile, it's a lifestyle issue.
07-10-2014 , 10:27 PM
You've answered none of my questions
07-10-2014 , 10:29 PM
We were talking about the cut off between middle and upper middle class?
07-10-2014 , 10:30 PM
Quote:
Originally Posted by SenorKeeed
Family of four outside of NYC/SF? Probably around $270k/year. It has nothing to do with percentile, it's a lifestyle issue.
07-10-2014 , 10:32 PM
Quote:
Originally Posted by SenorKeeed
We were talking about the cut off between middle and upper middle class?
And you think that cutoff is at 270K/yr income? Keep going...
07-10-2014 , 10:33 PM
Yes, that's what I think.
07-10-2014 , 10:37 PM
That's the 94th percentile among married couples only. 96th overall.

That means that what, like 3% of the country is upper-middle class and 2% is upper-class? Sounds completely reasonable. Good to know that two married people making $100k/yr each are solidly middle-class folk too. Which means I'm like well below your poverty line which is at what, 65K/yr?

      
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