How much you have to earn to be upper-class

Wealth


Household of one: Minimum of $72,126

Household of two: Minimum of $102,001

Household of three: Minimum of $124,925

Household of four: Minimum of $144,251

Household of five: Minimum of $161,277

Still, just because you fit into those parameters doesn’t necessarily mean you will feel upper-class.

Courtney Mishoe and her husband are making more than $180,000 a year to support their five-person family. Still, the suburban Georgia couple doesn’t “feel wealthy,” Mishoe told Todd C. Frankel of the Washington Post. Some people living in the area who earn $100,000 “are living paycheck to paycheck,” the Post reports, and even families earning up to $250,000 “don’t consider themselves to be high-earners.”

These situations illustrate how difficult it can be to avoid lifestyle creep and how a hefty paycheck doesn’t always guarantee financial peace of mind.



Source link

Products You May Like

Articles You May Like

Cisco now the cheapest large-cap tech stock
Markets are going haywire. Here’s why these sudden moves are here to stay
PayPal enters a correction, but one trader bets the stock could rally
How to clear up any confusion about the new tax-law changes
7 year-end tax tips to increase your refund

Leave a Reply

Your email address will not be published. Required fields are marked *