What IS the difference, if any, between the upper middle class and the lower upper class?
Upper middle class means you've got people who work for a living and just happen to make a lot of money at it. These people don't have to worry about starving or losing their jobs (unlike those of us who were born after 1965), and can become detached from the circumstances of those less fortunate than they are. These households make $60,000 to $100,000 a year.
Lower upper class means you've got people who fell into their fortune without really working for it and it is now dwindling. They tend not to work or, if they do work, it's in a position Daddy left for them. These people have never known hardship and can identify with the lower classes about as well as a cow can relate to an octopus. These households make--or contain the equivalent of--$150,000 to $250,000 a year.
I may sound nasty, but these are just the brackets that house the people that irk me most. Lower middle class are relatable salt-of-the-earth types, and higher upper class are either wholly corrupt or are the ones who actually did earn their keep.
The upper-middle class, is basically a family that has gained a good amount of wealth through work, be it as a doctor, or a banker, for example. They may have experienced some hardships, but are now earning a steady income. They can afford probably a nice house, car, and maybe even a few up-to-date electronics. This family may not have to worry about finances right now, so living is comfortable.
The lower-middle class, is basically a place reserved for a family that has wealth, a little less than that of people above them of course, but wealth nonetheless, and not from working. They could choose not to work, relying solely on the funds left behind for them by their parents or grandparents. Or, they could land a job, maybe by status, or one that has been reserved for them in a family owned corporation, and earn even more money from that.
One is a dual-income household (upper middle) and the other (lower upper) is not.
I say upper middle class pertains to people who make enough to afford 2 cars, a house, health insurance premiums, and have enough left over for kids college fund.... middle class... has money foe mortgage, rent, food, but maybe not health insurance or college funds...
Most likely the difference is that the Lower Upper Class are not wage earners, and therefore able to use more of the Internal Revenue Code to pay less income taxes.
The upper middle class is mostly the upper level &/or specialized professional class. The upper middle class consist of doctors, lawyers/attorneys, professors, middle to upper level managers, & lower level executives. This is a very socioeconomically comfortable class. They are, on average, highly educated, with the minimum educational level being a Master's Degree. The upper middle class is the most educated of the middle class.
The upper middle class is now classified as being from about $75K-200K per year. This class can afford to live in better neighborhoods, send their children to private schools & colleges, enroll their children into cultural & intellectual activities, & can go on vacations. This is the class who is at least 4-6 paychecks away from being homeless.
The lower upper class is the higher echelon of professionals. They are the specialists in doctors w/some being heads of their specific specialities. Many are executives. Some may be even successful entrepreneurs. They are on the lower scale of wealthy but haven't yet arrived. They either possess an inordinate degree of education, have a specialized education which puts them in demand, or have a talent for branding themselves.
They are the specialists, owners, & shot callers of the work world. They are at least 6 paychecks away from homelessness. They can afford to live in the more upscale neighborhoods w/ the related amenities. They are what one would call affluent. They are the ones who have two houses & perhaps a maid/nanny which the upper middle class definitely DON'T have. They earn from $200K-$550K per year.
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