What Income Class are you? Lower class, Middle class, Upper Middle Class, Upper Class or Top 1%?

[Mashmont]

You don't have to answer publicly if you don't want, but here are the class breakdowns of class in terms of net worth. These ranges vary according to source: Those used: Yahoo Finance, Forbes, and Investopedia. Here are the ranges

Lower Class: Net worth of $12,000 and under
Lower Middle Class: $43,760 to $61, 260
Middle Class: $93,000 to $1.04 million. Media: $204,100.
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

To me, the upper class are the types that send their kids to private boarding schools, having mansions in multiple cities, travel regularly on charter planes, have personal assistants and such. I see the net worth level there being $50 million. That is Hollywood money or NYC CEO money.

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

 

[Cellblock2429]

You don't have to answer publicly if you don't want, but here are the class breakdowns of class in terms of net worth. These ranges vary according to source: Those used: Yahoo Finance, Forbes, and Investopedia. Here are the ranges

Lower Class: Net worth of $12,000 and under
Lower Middle Class: $43,760 to $61, 260
Middle Class: $93,000 to $1.04 million. Media: $204,100.
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

To me, the upper class are the types that send their kids to private boarding schools, having mansions in multiple cities, travel regularly on charter planes, have personal assistants and such. I see the net worth level there being $50 million. That is Hollywood money or NYC CEO money.

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

/—-/ And what if you’re I between these two groups? Lower upper class? Uppper upper Midgle class?
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

 

[odanny]

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

That financial planner is a fool. If he is yours, get a new one before you find yourself penniless.

 

[odanny]

/—-/ And what if you’re I between these two groups? Lower upper class? Uppper upper Midgle class?
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

Those ranges make no sense, you go from $269K to $2.5 mil.?

 

[luiza]

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

Intelligent and Savvy Investors rarely if ever sweat .
You are confusing them with Traders .

Then there are the types like myself who have core Investments which rarely change , if ever , with a figure like 20% of total assets used for Trading .
Effectively more than 20% if the Trading is on a leveraged basis .

 

[Mashmont]

/—-/ And what if you’re I between these two groups? Lower upper class? Uppper upper Midgle class?
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

It’s two different sources, but I would consider anything under 2.5 mil as upper middle class

 

[Mashmont]

That financial planner is a fool. If he is yours, get a new one before you find yourself penniless.

Those are his observations on how people think. It sounds spot on to me.

 

[Mr Natural]

What can or will the upper middle class do that the middle class can’t or won’t?

 

[odanny]

I don't sweat the market and have way less than $2 million. I'm not even close to a million. I have zero worries about my money. Anyone who has a million and "sweats the market" has to be living well above their means.

There is one guy in the same town I live in, he is worth $300 million dollars, and still lives in the same ranch house he always has for the past 40 years. His son, on the other hand, had a massive, three story, all stone home built in the most expensive neighborhood. Think it cost around $3 million. Maybe he sweats the markets.

 

[Mashmont]

What can or will the upper middle class do that the middle class can’t or won’t?

Lots of stuff like I listed I’m my OP

 

[Mashmont]

I don't sweat the market and have way less than $2 million. I'm not even close to a million. I have zero worries about my money. Anyone who has a million and "sweats the market" has to be living well above their means.

There is one guy in the same town I live in, he is worth $300 million dollars, and still lives in the same ranch house he always has for the past 40 years. His son, on the other hand, had a massive, three story, all stone home built in the most expensive neighborhood. Think it cost around $3 million. Maybe he sweats the markets.

I would think if you have $500K in stock and it loses half its value like in the Obama recession, you would worry.

 

[marvin martian]

You don't have to answer publicly if you don't want, but here are the class breakdowns of class in terms of net worth. These ranges vary according to source: Those used: Yahoo Finance, Forbes, and Investopedia. Here are the ranges

Lower Class: Net worth of $12,000 and under
Lower Middle Class: $43,760 to $61, 260
Middle Class: $93,000 to $1.04 million. Media: $204,100.
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

To me, the upper class are the types that send their kids to private boarding schools, having mansions in multiple cities, travel regularly on charter planes, have personal assistants and such. I see the net worth level there being $50 million. That is Hollywood money or NYC CEO money.

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

This chart seems to be mixing values for net worth and income.

 

[citygator]

Please tell me your age range... this should cover everyone.

Young under 6
Teen 13-19
Kind of young 25 or 26
Old 40-50
Really old 90+

 

[Papageorgio]

You don't have to answer publicly if you don't want, but here are the class breakdowns of class in terms of net worth. These ranges vary according to source: Those used: Yahoo Finance, Forbes, and Investopedia. Here are the ranges

Lower Class: Net worth of $12,000 and under
Lower Middle Class: $43,760 to $61, 260
Middle Class: $93,000 to $1.04 million. Media: $204,100.
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

To me, the upper class are the types that send their kids to private boarding schools, having mansions in multiple cities, travel regularly on charter planes, have personal assistants and such. I see the net worth level there being $50 million. That is Hollywood money or NYC CEO money.

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

So if you are $12,001-$43,759? Upper lower, lower, middle class?
If you are $61261-$92,999 are you high lower, middle, lower middle class?

Sorry but I have no idea what the heck you are wanting to know and why your numbers and classification makes absolutely zero sense.

Are you running for office?

 

[Dekster]

You don't have to answer publicly if you don't want, but here are the class breakdowns of class in terms of net worth. These ranges vary according to source: Those used: Yahoo Finance, Forbes, and Investopedia. Here are the ranges

Lower Class: Net worth of $12,000 and under
Lower Middle Class: $43,760 to $61, 260
Middle Class: $93,000 to $1.04 million. Media: $204,100.
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

To me, the upper class are the types that send their kids to private boarding schools, having mansions in multiple cities, travel regularly on charter planes, have personal assistants and such. I see the net worth level there being $50 million. That is Hollywood money or NYC CEO money.

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

Technically in the very low upper class by your numbers but by the time I get three kids through college without them needing to borrow money I will be in the poor house. LOL. With #2 joining #1 out of state this fall, I'll be shelling out $50K+ a semester for those devil spawn. Our money came from real estate though so the stock market has always been kind of a fun money game for us other than our retirement accounts.

 

[1srelluc]

Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.

On the cusp of Upper Class (2.5M, really?) but mainly due to skyrocketing home/land value.

I was offered 200K for just three acres the other day.....It's just fuckin' nuts.

What is really fuckin' nuts is zoning around here that allows building on any patch of dirt that becomes available.

 

[marvin martian]

Please tell me your age range... this should cover everyone.

Young under 6
Teen 13-19
Kind of young 25 or 26
Old 40-50
Really old 90+

Check your math, dummy.

 

[Mashmont]

This chart seems to be mixing values for net worth and income.

It may. Net worth is what matters.

 

[Mashmont]

Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.

On the cusp of Upper Class (2.5M, really?) but mainly due to skyrocketing home/land value.

I was offered 200K for just three acres the other day.....It's just fuckin' nuts.

What is really fuckin' nuts is zoning around here that allows building on any patch of dirt that becomes available.

NOtVa’s nuts all right. Housing is crazy.

 

[marvin martian]

You don't have to answer publicly if you don't want, but here are the class breakdowns of class in terms of net worth. These ranges vary according to source: Those used: Yahoo Finance, Forbes, and Investopedia. Here are the ranges

Lower Class: Net worth of $12,000 and under
Lower Middle Class: $43,760 to $61, 260
Middle Class: $93,000 to $1.04 million. Media: $204,100.
Upper Middle Class: $201,800 to $269,100.
Upper Class: $2.5 million or more.
Top 1% $11.6 to $13.7 million.

To me, the upper class are the types that send their kids to private boarding schools, having mansions in multiple cities, travel regularly on charter planes, have personal assistants and such. I see the net worth level there being $50 million. That is Hollywood money or NYC CEO money.

A financial planner I know says the threshold at which investors no longer worry about ups and down of the stock market is about $2 million net worth. Anything under that, they sweat the down days.

I'm in the "upper class" as far as net worth, but don't do any of the things you mentioned you think are "upper class".