The difference between upper middle and upper class

[Rowboat]

Upper class are sustained by income generated through assets.

Middle class work for a living and blow it all on things that make them feel like they are upper class.


Upper middle class just have nicer looking liabilities.

 

[sdifox]

Originally posted by: Rowboat
Upper class are sustained by income generated through assets.

Middle class work for a living and blow it all on things that make them feel like they are upper class.


Upper middle class just have nicer looking liabilities.

I like your definition, makes sense to me too.

 

[nanette1985]

Someone I know, who is upper class, says that the difference is that she worries about her kids getting kidnapped and held for ransom. Scary, but she has a point.

 

[CptObvious]

There's an interesting book called Class: A Guide Through the American Status System by Paul Fussell that talks about different classes, including upper middle vs. upper. One of the distinctions he makes in a tongue-in-cheek manner is whether you can see a person's house from the entrance of their driveway.

 

[Throckmorton]

Upper middle class votes Republican. Upper class votes Democrat.

 

[Polish3d]

Originally posted by: Rowboat
Upper class are sustained by income generated through assets.

Middle class work for a living and blow it all on things that make them feel like they are upper class.


Upper middle class just have nicer looking liabilities.

Fair, but how about:


Person A: Has 2 mill in the bank and lives off the ~160k+ in interest

vs

Person B: Has maybe 500k in the bank, and is salaried at 300k/year

 

[Capt Caveman]

Originally posted by: Rowboat
Upper class are sustained by income generated through assets.

Middle class work for a living and blow it all on things that make them feel like they are upper class.


Upper middle class just have nicer looking liabilities.

Disagree 100%

 

[Nemesis 1]

A $100'000 upper middle class not a chance. its way more than $100,000.

In 1950 $100,000 was big money today thats peanuts.

 

[LS21]

Originally posted by: Frackal


Fair, but how about:


Person A: Has 2 mill in the bank and lives off the ~160k+ in interest

vs

Person B: Has maybe 500k in the bank, and is salaried at 300k/year

whichever person makes his/her assets/income known is the middle one

 

[IHateMyJob2004]

IMHO: Middle class has a family income of around $75K.

Upper Middle is probably north of $150K.

Upper class is probably $1M+ yearly.

 

[her209]

Originally posted by: Rowboat
Upper class are sustained by income generated through assets.

Middle class work for a living and blow it all on things that make them feel like they are upper class.

Upper middle class just have nicer looking liabilities.

This would explain why some people constantly complain about lowering taxes.

 

[mcmilljb]

If you have to ask for the price BEFORE buying something, you're not upper class. Sound good enough?

 

[Shlong]

Upper Middle ($750k - $1 million house, bmw m5 type car)
Upper (over $1 million house, ferrari / bentley type car)

 

[hellokeith]

I'd say a pretty good indicator would be what day of the week and what time of the day that you play golf.

 

[StinkyPinky]

Originally posted by: Nemesis 1
A $100'000 upper middle class not a chance. its way more than $100,000.

In 1950 $100,000 was big money today thats peanuts.

Peanuts? That's twice what I'm earning. I'd love to earn 100k.

 

[josh0099]

Originally posted by: StinkyPinky

Originally posted by: Nemesis 1
A $100'000 upper middle class not a chance. its way more than $100,000.

In 1950 $100,000 was big money today thats peanuts.

Peanuts? That's twice what I'm earning. I'd love to earn 100k.

Yea, he doesn't know what he is talking about really since about 80% of Americans don't have that as a household income.... (Multiple Incomes Possible) Probably going straight from definitions 100k/year is the upper middle class, but it doesn't mean you are living life large, since most people live out of their means.

 

[Polish3d]

Bumping this.

After consideration and consultation with Wikipedia, I would define it as:



Upper Middle class: Those with household incomes between 100-250,000 and one million or less in investment/inheritance/real estate assets


Upper class: Starts at those with a household income of between 250-300k per year, and for this definition, its preferable that they have +2million in investment/inheritance/real estate assets


Super rich: 100 million+ per year or assets equivalent to 100 million

 

[Ns1]

3 bmw's

 

[zinfamous]

Originally posted by: Random Variable
If you're in the upper middle class, you can afford a $200 hooker; if you're in the upper class, you can afford a $4000 hooker.

:thumbsup:

 

[ranmaniac]

Originally posted by: mcmilljb
If you have to ask for the price BEFORE buying something, you're not upper class. Sound good enough?

To an extent, but some wealthy people got their wealth because they are frugal.

 

[rh71]

it's nothin but a tax bracket.

 

[Polish3d]

Originally posted by: ranmaniac

Originally posted by: mcmilljb
If you have to ask for the price BEFORE buying something, you're not upper class. Sound good enough?

To an extent, but some wealthy people got their wealth because they are frugal.

And it's still kind of a silly demarcation. Does anyone here really believe those with 100 million in the bank aren't rich because they're going to ask the price of properties or boats they buy?

 

[hanoverphist]

Originally posted by: Nemesis 1
A $100'000 upper middle class not a chance. its way more than $100,000.

In 1950 $100,000 was big money today thats peanuts.

then why isnt the average salary 100k a year? lots of people make waaaay less than 100k. ask them if 100k is peanuts. ill take them peanuts, its more than i make in a year.

 

[hanoverphist]

Originally posted by: Ns1
3 bmw's

i could do that with less than 40k. try again.

 

[0roo0roo]

its the difference between owning a porsche and a ferrari.