forrgott@lemmy.zip 2 days ago
If you’re upper-income, earning over $100,000, things are good … What we see with middle- and lower-income consumers, it’s actually a different story.
When had this ever not been true? What a windbag.
forrgott@lemmy.zip 2 days ago
If you’re upper-income, earning over $100,000, things are good … What we see with middle- and lower-income consumers, it’s actually a different story.
When had this ever not been true? What a windbag.
Nougat@fedia.io 2 days ago
Over $100K ain't chump change, but that also isn't the line where "upper income" starts.
https://www.nasdaq.com/articles/heres-minimum-salary-required-be-considered-upper-class-2025
Reyali@lemmy.world 2 days ago
And the difference between that level of “upper class” vs the truly wealthy is insane.
Unless you’re in places like CA or NYC, $170k allows for a very comfortable life. It’s nothing to scoff at and it is absolutely beyond what most people in this country have.
But when thinking of the “upper class,” I think most people picture lush lives. Mansions, yachts, foreign vacations, private schools, house staff, etc.
I don’t think most people imagine someone who lives in a nice suburban neighborhood, saves enough money for retirement that they actually expect to retire in their 60s, and takes a modest vacation every year. But that’s closer to what $170k gets you. It’s comfortable and it’s a life most people would kill to have. But it’s a whole lot closer to a stereotyped “middle class” experience than it is to what most people imagine “upper class” to look like.
MajorasTerribleFate@lemmy.zip 2 days ago
I was curious how many U.S. households earn at least $170k, and this website responded to asking about 170k by saying that the 80th percentile is $165,068.
yeather@lemmy.ca 1 day ago
So the top 20%, seems a reasonable metric to consider wealthy.
Zorsith@lemmy.blahaj.zone 1 day ago
You lost me at “vacation”, like that’s a real thing? (/s)
chunes@lemmy.world 1 day ago
uh there are still loads of people living on like 30k/yr. you 100k people will fucking live
Nougat@fedia.io 1 day ago
I never suggested otherwise. I was pointing out how disconnected from reality the really “upper income” CEO is.
SoftestSapphic@lemmy.world 1 day ago
The only people you should be concerned about are the ones in the 270k/yr and up tax bracket.
100k/yr isn’t enough in a lot of places.
DireTech@sh.itjust.works 2 days ago
This has gotta be some AI drivel. It even tried to say upper class in San Francisco starts at $69k so unless they’re talking about 1930 this is nonsense.