Comment on McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

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Reyali@lemmy.world ⁨1⁩ ⁨day⁩ 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.

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