Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article

To: nopardons

Well, I used the following metrics: employed professional (50-100)- middle class; upper level professionals, middle managers and lower level executives - (120-250) - upper middle; higher level executives and top professionals, such as top level physicians and lawyers (250+) - upper class, with some correction as to the area (the incomes are area dependent, too). The upper class cannot be too small numerically, that's why I'd think that its lower boundary should be drawn reasonably low. This country has about 7 million millionaires by net worth (not by income), and I would think that 7 million is a good estimate for the size of the upper class.


72 posted on 07/04/2005 11:17:54 PM PDT by GSlob
[ Post Reply | Private Reply | To 62 | View Replies ]


To: GSlob
Billionaires are the upper class now. Oh, I guess that you can also throw in the highest end of the millionaires too, but remember, the highest class has always been the smallest.

The lower middle and the middle middle classes have always been the majority.

The upper middle class is neither fish nor fowl nor good red meat...to steal from Shakespeare a bit. They only seem "rich/wealthy" to those below them, but aren't, to the wealthy. And area matters a very great deal! The more expensive an area one lives in, the higher the salary is, for ALL levels. In N.Y.C., for example, a teacher married to a fireman, will have an income of around $100,000; sometimes more. That's hardly well off there.

75 posted on 07/04/2005 11:40:31 PM PDT by nopardons
[ Post Reply | Private Reply | To 72 | View Replies ]

Free Republic
Browse · Search
Smoky Backroom
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson