Middle class to me is doing ok, but you still have to think about how your money is spent and utilized. Upper middle class is the threshold where money is not a concern anymore.
We really should use these metrics and not income bands, but we always fall into the trap that people are inconsistent and always measure up. I once read an interview where someone said they were “not doing great, but getting by,” and later mentioned they sold a home to buy a boat and take 6 months sailing.
They’re “getting by” living like our rich neighbors did when I was a kid. Compared to our “middle class” life 50 years ago, middle class now is a life style we could only dream about.
Middle class to me is doing ok, but you still have to think about how your money is spent and utilized. Upper middle class is the threshold where money is not a concern anymore.
We really should use these metrics and not income bands, but we always fall into the trap that people are inconsistent and always measure up. I once read an interview where someone said they were “not doing great, but getting by,” and later mentioned they sold a home to buy a boat and take 6 months sailing.
They’re “getting by” living like our rich neighbors did when I was a kid. Compared to our “middle class” life 50 years ago, middle class now is a life style we could only dream about.