undefined | Better HN

0 pointsnicoburns3y ago0 comments

> $People with 380k of income, but without significant assets are not upper class. They would be considered upper middle class.

I mean sure, but anyone able to sustain that income level will quickly become wealthy unless they have ridiculously high spending levels.

0 comments

zizee3y ago

They should, but but it is not guaranteed. There is also a long way between having more wealth than most, and becoming upper class where you can live "comfortably" entirely off the earnings of your wealth.

My previous comment seemed to have touched a nerve with some people, which strange given that I (IMO) was politely providing commonly accepted definitions of words/terms, with supporting references. I guess people do not like the actual meanings of the words. Or perhaps I sounded like an condescending asshole :shrug:

j / k navigate · click thread line to collapse

0 pointsnicoburns3y ago0 comments

> $People with 380k of income, but without significant assets are not upper class. They would be considered upper middle class.

I mean sure, but anyone able to sustain that income level will quickly become wealthy unless they have ridiculously high spending levels.

0 comments

zizee3y ago

j / k navigate · click thread line to collapse