Is Middle Class Considered Rich?
The term “rich” is relative and subjective, and depends on one’s definition of wealth. Generally, those who earn more than $373,894 are considered to be rich. But what about those who fall into the middle-class income range? Are they considered to be rich?
The answer to this question depends on who you ask. Some people may consider those who fall into the middle-class income range to be rich, while others may not. It all depends on one’s definition of wealth and what they consider to be a “rich” lifestyle.
Income groups are often used to determine whether someone is considered to be rich or not. According to the US Census Bureau, those who earn less than $52,200 are considered to be in the low-income range, those who earn between $52,200 and $156,600 are considered to be in the middle-income range, and those who earn more than $156,600 are considered to be in the upper-income range.
However, it is important to note that income is not the only factor that determines whether someone is considered to be rich or not. Factors such as savings, investments, and lifestyle choices can also play a role in determining whether someone is considered to be rich or not.
In my mind, there’s a big divide today between the upper-middle class and the middle class. The upper-middle class is often considered to be “rich”, while the middle class is often considered to be “comfortable”. Those who are in the upper-middle class often have access to more resources and opportunities than those who are in the middle class.
At the end of the day, whether or not someone is considered to be rich or not is subjective and depends on one’s definition of wealth. Those who are in the middle-class income range may not be considered to be “rich” by some, but they may still have a comfortable lifestyle and be able to enjoy the luxuries of life.