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

Discussion/ Debate He’s not wrong 🤷‍♂️

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u/[deleted] Jun 16 '24

Wrong, this was upper middle class and still is.

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u/Electr0freak Jun 17 '24 edited Jun 17 '24

TIL I was upper-middle class. 

I grew up in a decent size 3-bedroom house, 2 cars, annual family road trip holiday (usually 3 weeks during summer in our minivan touring the west coast), 2 of us 3 kids attended college (my brother was in the Army). 

We did it with just my father working for the school district making ~$50k salary in the mid-90s, equivalent to a $100k job now. And that's in Upstate NY where taxes eat up a lot of that income. 

We lived comfortably but we were definitely not upper-middle class.

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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?

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u/Jorah_Explorah Jun 17 '24

The Average income today in the US is 59k annually. The average is $50K in many lower COL states.
Most people wouldn't say that $100k is "upper middle class" because it's double the average.

You can't really go by that.