![]() ![]() ![]() There is a massive jump in quality of life from 20K a year to even 100K, let alone 200 or 300." Other users disagreed with the original poster's claim, explaining that there is a difference in "the quality of life" when you have a six-figure salary.Īlexander1899 said: "Food security, health insurance, able to afford a car that isn't on the verge of breaking down, able to afford quality housing, able to invest and plan for retirement. Sure, one day my capital might make more than I do, but I've been grinding for my whole life." SensibleReply, who said they're a surgeon who's still paying off their loan at the age of 37, noted: "I make a good living, but I promise I'm not 'rich'… I'm a W-2 worker who has to be at the office, and I physically earn every dollar. Doctors and lawyers and engineers still have to work hard to maintain their lifestyle."ĭualtheArtist also said influence plays a part in class differences, stating: "People like Musk and other celebrity rich are seen as very distasteful to the people who ACTUALLY have f****** influence and not just through their wealth but systematic generational efforts to rat f**k the system to their families benefit…" These folks you speak of are not those folks."Ĭlemario agreed, adding that: "The difference between middle class and upper class isn't income, it's influence. There are people that walk among us that have so much wealth, that even generations of mismanagement can't squander it. ![]() Doesn't matter if it's 20k, or 200k a year."ĪTX_native said the original poster's comment was, "So true," explaining that: "If you're making $300k a year, you have more in common with someone making minimum wage than you do with Elon. ![]() If you're required to work in order to survive, then you're working class. GenericFatGuy said: "There's only two classes. User shp865 said: "The most unpopular opinion in America because if it was a popular opinion from both sides, the rich would be s******* in their shorts," in a comment that got 2,200 upvotes. Nearly 70 Percent of Medical Debt Set to Be Wiped From Credit Reports.Are We in a Recession? What Experts Are Saying.Their savings on travel and events during pandemic lockdowns was less pronounced than that of higher-income households with more discretionary spending power. “Many of these workers got unemployment benefits during the pandemic, but the benefits didn’t pay as much as their jobs did-unlike lower-wage workers, who often got more money from unemployment benefits than from working. These households spend a bigger portion of their budgets on driving expenses, since they tend to live in suburbs or more rural areas and commute into cities, they said. estimate that upper-middle-class households, as well as the group right below them, are feeling inflation more than other income groups. They make more money than at least 60% of other households, but less money than the top 20% of earners. “Upper-middle-class households are defined here as those earning between $75,301 and $127,300 a year, according to the Fed. “The value of their liabilities grew by 2% in this year’s first quarter, more than any other group, as they took on greater debt for auto loans, credit cards and other consumer credit. Since the pandemic started, they saved less than most of the people who make less than them, according to Moody’s Analytics. “Over the first three months of 2022, upper-middle-class families lost a bigger chunk of their stock portfolios than the people who make more than them, according to the Federal Reserve. Goods that have had the sharpest price jumps, such as gasoline, automobiles and home utilities, account for a relatively small percentage of their spending. “The richest families, meanwhile, have been hurt by market losses but have been insulated from the worst of inflation. upper middle class is no longer making the financial gains it did in the pandemic and is feeling the squeeze of inflation intensely, reports the Wall Street Journal. ![]()
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