{ "media_type": "text", "post_content": "I get a kick out of the people referring to themselves as middle class on here. In 2021, the top 10% of incomes started at $201k. The top 5% at $273k. The top 1% at $504k. I get that net worth and income aren’t the same, but if you’re in the top 5% you’re upper class.", "post_id": "627116b07b636d00352c8192", "reply_count": 53, "vote_count": 18, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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I get a kick out of the people referring to themselves as middle class on here. In 2021, the top 10% of incomes started at $201k. The top 5% at $273k. The top 1% at $504k. I get that net worth and income aren’t the same, but if you’re in the top 5% you’re upper class.

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I think this is telling that how filthy grossly rich the ultra rich are.
For eg Tom Brady is closer in net worth to some one with a 1M networth than a billionaire with 1 billion to Elon musks networth.
The reason Americans or German or londoners or other can’t afford houses for eg again is because the ultra rich from China and Qatar and Dubai and American PE lords have bought everything. We live in an oligarchic system with increasingly the select few control everything

likesmart

I’m in the Bay Area. A 200k household income is completely square in the ‘middle class renter’ category. Now if I move to Baton Rouge or another small southern town and keep making 200k (which is nearly impossible) then I’ll be able to live an upper middle class lifestyle with a McMansion and private schools.

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Bcg1- if you look at a population map of the USA, you’d see that 90% of the population is within 2 hours of a major city. That’s my hypothesis - but like I said, that’s a tangent

D3 - I’m going to assume you haven’t had your coffee yet lol

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If I’m upper class why am I still taking economy on British airways 😭😭

likefunny

M1- in the old days business class on BA was called upper class before club world rebranding… on virgin Atlantic biz class is still called upper deck.

I am in the top 5% of earners in Germany and in the top 1% adjusted for age group. Assuming that I keep this up for 20 years, I will be able to afford a standard size house in my city in my mid 50s as long I don’t have kids. Welcome to my upper class lifestyle 😂

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Been there…

Market/COL plays a huge role here

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Also find it’s funny that people think I was countering OPs stance - I’m actually just saying that market and COL affect your perception of things. But yeah, I choose to live in a HCOL area, in part because of politics and ya know, wanting to have my rights protected.

Yes, people have this weird idea that if you have any budget constraints at all, then you're not rich

likehelpful

OP - This is the way!

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The privilege on this app is unreal. Don’t get me wrong, go get that 💰 but understand that anyone making 200K is not middle class.

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Agreed. 6 figures is no where near where it used to be, but the average income is way below our industry average.

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$100k was still considered middle class in the 90s. $230k is the equivalent of $100k then. So, $200k is still middle class.

funnysmarthelpful

IMHO Class should defined by “how much you have?” vs “how much you make?”

likesmart

C1, I guess you’re too rich

smart

People here think upper class mean living luxuriously and retire at 45 years old.

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I'm only in the 70s still, am I a middle class peasant, my lords?

likefunny

Haha 😂 I’m in higher than that but still have to budget pretty tight with all my expenses.

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Is this American middle class? In Europe, class is not all about money. It’s about your upbringing and your family.

In the UK, middle class is a little bit more posh than American middle class, I think. But they can earn a lot less and still considered middle class due to their habits and upbringing.

It’s hard to explain. Like explaining the difference between a pub and a bar. All the ‘pubs’ I’ve been to in America (yes including all the Irish ones) are actually bars with a pub theme.

likesmart

Yes, only referring to my fellow Americans.

Ok, but is upper middle class $200k as a single person or as a household because that is 2 different sets of money.

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Household. For individual it is $173k to be in top 10%

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Posting so I can follow the shitshow this is going to become!!!


100% agree with OP.

Is that household or individual?

Do you think the hedge fund folks also have this conversation?

I'm sure they complain too

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