(09-19-2022 12:12 PM)Bronco14 Wrote:  To the Left, middle & rich class is anyone who has more than you.

This^^^

It really is that simple.

Re: OP

It depends on age.

A 25-year old with $1 million is top 1%.

But a 65-year old with $1 million is definitely middle class. And can't afford to retire anytime soon, either.


Bear in mind that in 1/3 of the country, owning almost any house puts you more than halfway to $1 million.

Also remember: $1 million in 2022 is the exact same as $800,000 in 2019.


I'd put the upper limit for middle class in 2022 at $2-3 million net worth.

(09-20-2022 09:28 AM)Captain Bearcat Wrote:  Re: OP

It depends on age.

A 25-year old with $1 million is top 1%.

But a 65-year old with $1 million is definitely middle class. And can't afford to retire anytime soon, either.


Bear in mind that in 1/3 of the country, owning almost any house puts you more than halfway to $1 million.

Also remember: $1 million in 2022 is the exact same as $800,000 in 2019.


I'd put the upper limit for middle class in 2022 at $2-3 million net worth.

Yes, especially to the bold part and especially if doesn't have a mortgage.