Depends.Arthur Dent wrote:That's exactly what I mean. Everyone can always look up, and given the massive inequality at the top, there's always long way to look, but you will find exactly this sort of statement from people who own second homes: I'm not rich because I know people who own planes etc.GeddyWrox wrote:Rich people can buy boats and BMWs, have second homes, and go to Europe or Tahiti every year. That is definitely not us.
Obviously, there's a semantic issue here, but $140k+ is a high income and is definitely not just middle class.
If you make $140K/year in Pekin, IL you are rich, and maybe fit into the wealthy bucket. You probably do own two cars, a truck, a Harley, a cabin/fishing lodge/lake house as a 2nd home, and you take a lot of those vacations to beach resorts in Mexico and Jamaica and stuff.
If you make $140K/year in Boston and have 2 kids you are middle class. You can't do the 2nd car and you're sweating your kids college tuition.
If you make $140K/year in San Francisco, have no kids and are unwed, you are just getting by. You have no car, you pay $5K/month in rent, you really wish you could take a vacation.