Board 8 > What do you consider the threshold for "upper class"?

(+) Yeah! (+)

In terms of yearly salary/compensation
---

$250k-$300k
---

The top 20% of the US makes 100k, so that seems about right.
---

guffguy89 posted...

$250k-$300k

This is straight in the 'rich' category and is actually very close to being the top 1%. Not mega rich, but yeah.
---

KamikazePotato posted...

The top 20% of the US makes 100k, so that seems about right.

This was my answer (though I suppose some part of this depends on where you live; 100k doesn't go as far in San Francisco or other expensive cities).
---

Six figures a year.
---

guffguy89 posted...

$250k-$300k

---

75th percentile of your local economy cuz obviously different places have wildly different economies
---

I generally see $100k-$250k as upper middle class. You're wealthy and you probably have a nice house and a nice car, but you're not filthy rich.
---

Probably like $80,000

Six figures is a nice round number though
---

Are we talking six figures per person or per household? Because I can tell you right now, six figures for a household does not get you anywhere near the upper class houses in Orlando and it's not like Orlando is anywhere near as expensive as the major cities

Six figures sounds right.

guffguy89 posted...

I generally see $100k-$250k as upper middle class. You're wealthy and you probably have a nice house and a nice car, but you're not filthy rich.

wealthy = upper class tbqh
---

I think the lower bound of "upper class" begins at having a second home. If you can't afford a summer house you're just well-to-do middle class. If you can afford a summer home you might be rich.

Six figures is still middle class in Orange County, though I recognize things here are so expensive that we're warped compared to a majority of the country.
---

100k salary doesn't get you s*** in an expensive city. So it really depends on where you live.

Source: 100k is the median income in my county
---

class is a difficult topic. i feel like class isn't just income, it's also about generational wealth

someone earning 100k/year with zero assets vs. someone earning 50k/year off of the million bucks they inherited from their parents aren't exactly the same
---

As a part of a family that makes over $100k in the Seattle area, no, I am not upper class.
---

The Income Classes
The Upper Class

At the top of the income classes is the upper class. There is no single definition of whom this includes. Many think of the upper class in terms of the 1%. To be in the richest 1% nationally, a household needs to have the annual income of at least $389,436, according to the Economic Policy Institute. But one could argue that the upper class is larger than that if you look at America as a whole.

The Upper Middle Class

According to census data from 2015, 6.1% of households bring in $200,000 and higher every year and 14.1% bring in between $100,000 and $150,000. This is the upper middle class.

This all checks out.
---

I wouldn't even consider myself upper middle class. I would consider myself solidly middle class.

Seattle is expensive yo.
---

Shaduln posted...

I wouldn't even consider myself upper middle class. I would consider myself solidly middle class.

Seattle is expensive yo.

And you're not even talking about actual Seattle here, actual Seattle is far worse

Obviously Seattle is an upper class city.

No poor people allowed!

>_>

<_<
---

Like the next class above mine
---

ShatteredElysium posted...

Are we talking six figures per person or per household? Because I can tell you right now, six figures for a household does not get you anywhere near the upper class houses in Orlando and it's not like Orlando is anywhere near as expensive as the major cities

This is a good post.
---

i think the qualitative definition of upper class needs to be established before the actual monetary threshold
---

SeabassDebeste posted...

i think the qualitative definition of upper class needs to be established before the actual monetary threshold

Nah dude just say a number
---

If you widen the sample size enough, living in the US and having a minimum wage job is upper class.
---

straight white male
---