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    Are You Rich or Just Upper Middle Class?

    Started by RE May 18, 2025, 08:41 PM

    Message path : / Society / The American economy / Economic Errata #100


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    RE

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    May 18, 2025, 08:41 PM
    Fitting into the category of "Rich" in Amerika isn't as simple as a single number like net worth or annual income.  It also depends on where you live, your stage of life, debt load, how the wealth is distributed and used and intangible social factors as well.

    This article does a little more in depth look at how much it takes to fit into the "Rich" category.  It's still not complete, but better than a reductive metric like 7 figure net worth.  His final conclusion:

    If your net worth is under $2 million and your income is under $600,000, statistically, you're probably not rich—you're upper middle class. And in today's world, that still means you're doing very well.

    https://www.benzinga.com/personal-finance/25/05/45483329/are-you-rich-or-just-upper-middle-class-heres-the-net-worth-and-income-it-takes-to-be-considered-wealthy

    Are You Rich or Just Upper Middle Class? Here's The Net Worth And Income It Takes To Be Considered Wealthy

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