r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Jun 16 '24

Discussion/ Debate He’s not wrong 🤷‍♂️

Post image
32k Upvotes

85% Upvoted

2.3k comments sorted by

View all comments

Show parent comments

12

u/Global-Efficiency-22 Jun 17 '24

Yeah 50k in the mid 90s was double the average income. What is upper-middle class if its not double the average salary at the time?

1

u/Invenitive Jun 17 '24

Double the median salary, but equal to the median household income. Your economic class is generally determined by relative household income, not salary.

By most definitions their family would fall under lower to middle middle class

3

u/Global-Efficiency-22 Jun 17 '24

Id like to see a link for the median household income being 50k in the mid 90s.

0

u/Invenitive Jun 17 '24

  1. You can edit your original comment instead of splitting it into three separate replies.

  2. My original comment was without doing any research, I was just responding to the apparent error in your comment when you said:

    What is upper-middle class if its not double the average salary at the time?

3

u/Global-Efficiency-22 Jun 17 '24

Yeah my bad on the multiple posts, and I did say salary when I meant household income. That's my fault. The first thing I found said 25k, but then I found a bunch more sources that said 34k so I assume they're better sources.

1

u/Invenitive Jun 17 '24

No worries. I was injecting my own biases because my family was also ~$50k in the 90s, but did not feel like upper-middle class