this post was submitted on 15 Feb 2024
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The numbers will determine your fate (lemmy.world)
submitted 9 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 3 points 9 months ago (1 children)

I suspect that those numbers may be higher now, though. $90k won't buy you a house in any sizeable city, you really need to be at the $150l+ level. I take your point that $500k may have been a bit of an overreach in my original comment.

[โ€“] [email protected] 1 points 9 months ago* (last edited 9 months ago)

Upper-middle class and upper class aren't defined by spending power. It's based upon the average wage of all earners.

Upper middle class: The top 15% to 20% of earners
Upper class: The top 15% of earners