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People with a net worth of 1M are definitely (upper-) middle class, unless we’re using that term in two totally different ways. I’d be curious what fraction of
by umanwizard 6y ago
People with a net worth of 1M are definitely (upper-) middle class, unless we’re using that term in two totally different ways. I’d be curious what fraction of the total wealth is held by them as opposed to by the super-rich.
- viridian 6y agoWhere do you live that a net worth of 1MM is just upper middle class?
- umanwizard 6y agoThe USA. People with 1MM in net worth typically have professional-class jobs like doctor, lawyer, engineer, etc., and still need to work for a living.
- svrb 6y agoAnywhere where returns on $1 million is not enough to indefinitely sustain a lifestyle significantly above poverty level, so... anywhere in the US. Someone who is obligated to work to sustain their lifestyle is middle-class.