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Here's how much you have to earn to be considered upper class

Discussion in 'The Okie Corral' started by Jonesee, Mar 20, 2017.

  1. Jonesee

    Jonesee

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  2. deputy tom

    deputy tom

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    Monetarily I may be lower middle class. Money doesn't buy you class however. tom.
     
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  3. SRS

    SRS

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    That seems wildly low if the definition is based on income.
     
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  4. Ross-in-Pa

    Ross-in-Pa Western Pa

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    Well, I ain't first class, but I ain't white trash,
    I'm wild and a little crazy too......

    Some girls don't like boys like me,
    Oh, But some girls do.
     
  5. JoeCitizen

    JoeCitizen

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    This puts me in upper income. Horse hockey. Upper income to me would be having the means to stay supplied in a 3,000sf house in an upscale neighborhood, at least one car no more than a few years old, take a really nice vacation every year, buy toys once in a while all the while putting away a tidy sum for retirement. I would need at least another $50-$75K a year to do that. And I don't even live in a high cost area. IMO, they are WAY off. $72K a year for upper class? Like the little guy at the gate in The Wizzard of Oz said "Not no way, not no how".
     
  6. silentpoet

    silentpoet

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    Upper class is defined as making more than the damn dirty hippie defining the term.
     
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  7. Patchman

    Patchman Florist

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    The research group found that "nationwide, the median income of U.S. households in 2014 stood at 8% less than in 1999, a reminder that the economy has yet to fully recover from the effects of the Great Recession of 2007-2009."

    Now, this is scary right here!
     
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  8. gwalchmai

    gwalchmai Lucky Member

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    I'd say 250/yr, minimum.
     
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  9. Patchman

    Patchman Florist

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    Here's the breakdown of how much you have to earn each year to be considered upper-income, depending on the size of your family:

    Household of one: Minimum of $72,126

    Household of two: Minimum of $102,001

    Household of three: Minimum of $124,925

    Household of four: Minimum of $144,251

    Household of five: Minimum of $161,277

    As someone already noted, horse hockey! If the study said both earners in household each making the stated minimum, I might agree they're upper middle class.
     
  10. Firearmfanatic

    Firearmfanatic The Enabler Silver Member

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    I dont consider upper class by how much a person earns. I consider upper class by what kind of person they are such as personality, character, reliability, honesty, trustworthy, helpfullness, consideration of others, etc, etc. I have more friends that I think more of that are flat broke on their backside but yet are willing to help out others, than friends that are well off monetarily and are pieces of bat dung to society and dont give a rodents backside about any one else. To me money does not impress me, I dont give a rodents backside who the heck you or they are! And just to make things clear, I have not had to work for the last 2 yrs to make ends meet. And yes, I do help those in need!
     
  11. DonD

    DonD

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    Money doesn't buy happiness which mostly comes from inside but it does free you from concerns about housing, transportation and food. Don
     
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  12. gwalchmai

    gwalchmai Lucky Member

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    You're a class act whatever your income, Tom. :thumbsup:

    I think though that the article was referring to the traditional income classes, like starving, working, middle, and upper. When I was a sprout, a millionaire wore a top hat and tails and never wanted for a thing. Nowadays a millionaire is a working stiff just like the rest of us. That's why I think the article's income levels are way too low.
     
  13. gwalchmai

    gwalchmai Lucky Member

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    And it can buy you love. Or a reasonable facsimile, anyway.
     
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  14. r3dot

    r3dot

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    I could be a millionaire and I'll still fart at the dinner table.
     
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  15. Dave514

    Dave514

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    That chart would depend on where you live. 161k in San Diego, California isn't the same as 161k in Cedar Rapids, Iowa.
     
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  16. JMS

    JMS 02

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    I feel solidly middle class regardless of the above figures. I'd say 180k-200k for a family of 4 would 'feel' like upper middle class. After taxes, savings, mortgage, groceries, etc. you'd still have to follow a budget but there'd be some breathing room.
     
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  17. Rabbi

    Rabbi The Bombdiggity Lifetime Member

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    Absolutely true.

    However, there are about 400 metro areas in the U.S. with a population over 50,000 (about 50 metro areas over 1,000,000).

    There is not a single metro area of those 400 that $161,000 would not put you into the top 25% and in all but about 5 or so, the top 10% (San Fran, Boston, DC.....)

    My point being, there is no metro area in the nation where $161,000 is anywhere close to being on the bottom half. It is on the big end everywhere.

    While I think it is far from "rich" it is more than most anyone else makes.
     
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  18. Rabbi

    Rabbi The Bombdiggity Lifetime Member

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    Yep. It certainly depend on how you spend it. If you make 200K and live in the 100K area, you will feel rich and probably have a lot of peace and you are still living somewhat well. If you make 200K and spend for a 300K lifestyle, you might think about eating a bullet.
     
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  19. Mark2Glock

    Mark2Glock

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    What stopped me from reading too much of this BS was the headline and CNBC! What the freaking hell you believing this crap from fake news outlets and even worse listening or reading their pompous BS!
     
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  20. Dave514

    Dave514

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    That may well be true that 161k puts a person in the top 25% in a metro area but the person paying 2k/month for a 2 Br. apartment rental and the guy paying 2k/month for a 4000 sq. ft. home 15 yr. mortgage probably don't feel that they are in the same class. There are many other expenses that wouldn't be so incredibly different but few that would constitute such a large part of their income.