The problem with the 10% is that it conflates households who barely get by, who make 100-200k per year with others who make way more than that. 100-200k in SV o

The problem with the 10% is that it conflates households who barely get by, who make 100-200k per year with others who make way more than that. 100-200k in SV or say NY is really not that much, definitely not enough to be considered wealthy. I've read about a few middle class folks in that range who tanked rapidly with massive debt and foreclosures when a medical misfortune hit them.