What is your socioeconomic background and how much NW do you consider “enough” to be able to live comfortably?

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I grew up lower middle class, with a single mom who worked multiple jobs. Kids are a big factor in living comfortably. My NW number to hit as a family is $10M, but with passive income (real estate) I could be convinced to retire with less.

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Upper middle class. $5m

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Thanks! Should’ve read on before replying

Upper middle, $5m baby!

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Middle middle class, borderline lower middle class. $1.5-2M. Not that I have a choice since I highly doubt I’ll ever have significantly more than that.

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C’mon!!

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guys, if your NW is $5M+ you're upper class. these be the facts.

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Ok you’ve cited that a number of times. Pew is a bit confusing in their terminology but even they don’t use the word class.

Go in out your income in their calculator - it will spit out “upper income” not “upper class.” There is a reason for that.

Middle class to upper middle class. Consider $3 million for an individual or about $5 million for a household.

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My upbringing had been all over the place, from low upper class to low middle even hitting high low. Today I’m mid upper to high upper and would like to have $5M NW for retirement.

What metrics are you using for lower,middle and upper class

I tend to use 2/3 to 2x median income to define middle income / middle class bounds. In line w pew research definition

https://www.cnbc.com/amp/2021/07/21/middle-class-calculator.html

Do you consider age to factor in? I’d assume a 30 yo with $1M net worth to be different than someone who is 67 and same place.

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