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This is really an argument of semantics of "upper-middle-class" vs. "upper-class." Maybe there's standard definition I don't know about. My personal definition

This is really an argument of semantics of "upper-middle-class" vs. "upper-class." Maybe there's standard definition I don't know about. My personal definition is that upper class is "don't need to work ever again." You're right that upper middle class people have the same lifestyles as upper class. The difference isn't in material goods, it's in freedom.

JoelSutherland 18y ago
But not having to work again is tied directly to consumption along with income. The interesting component of the article was that the average income of somebody with $1 million of net worth was approaching $400,000. This implies a poor savings rate and not very much savings at all. If freedom is the goal, it seems the key component is a modest lifestyle.