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

Pay down your student loans without sacrificing your retirement wealth
Square may start offering more bank-type products through its Cash App
Retirement saving changes under the new tax code 
Your Social Security check could be bigger next year
Student debt continues to grow,  but more slowly than in the past

Leave a Reply

Your email address will not be published.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