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In terms of purchasing power for the world they are not upper middle class. They are in the higher eschalons in terms of wealth and economic means. I don't de
by yequalsx 10y ago
In terms of purchasing power for the world they are not upper middle class. They are in the higher eschalons in terms of wealth and economic means. I don't decry their plight but rather seek to put context to it. People in their income bracket have driven up land and housing prices in Belize, Costa Rica, Panama, Thailand, and elsewhere. That didn't make the world crazy in their eyes but having prices driven up in Auckland did. That perspective is crazy.