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That really depends on how you define middle class. I can easily see how someone with a net worth of 100m being considered middle class compared to billionaire
by dec0dedab0de 5mo ago
That really depends on how you define middle class. I can easily see how someone with a net worth of 100m being considered middle class compared to billionaires.
- cactacea 5mo agoThanks, I needed a laugh. Only on HN...
- swiftcoder 5mo agoAnd here people gave Mitt Romney shit for saying $250k was middle class...
- DocTomoe 5mo agoNot middle-class, middle-income. Also, that was 14 years ago.
- swiftcoder 5mo ago> Not middle-class, middle-income. Unless we are claiming the middle classes live on inherited wealth, I'm not sure the distinction is meaningful? > Also, that was 14 years ago. Indeed. In that time the $250k+ club has gone from 2% to 10% of American households, so Mitt Romney might have to consider ~$350k middle-income now For a slightly more grounded perspective, Pew Research currently maintains that the middle income figure is between $60k-160k