That really depends on how you define middle class. I can easily see how someone with a net worth of 100m being considered middle class compared to billionaires.
That really depends on how you define middle class. I can easily see how someone with a net worth of 100m being considered middle class compared to billionaires.
Thanks, I needed a laugh. Only on HN...
And here people gave Mitt Romney shit for saying $250k was middle class...
Not middle-class, middle-income.
Also, that was 14 years ago.
> Not middle-class, middle-income.
Unless we are claiming the middle classes live on inherited wealth, I'm not sure the distinction is meaningful?
> Also, that was 14 years ago.
Indeed. In that time the $250k+ club has gone from 2% to 10% of American households, so Mitt Romney might have to consider ~$350k middle-income now
For a slightly more grounded perspective, Pew Research currently maintains that the middle income figure is between $60k-160k