Summary: Ways to determine if you are rich or middle class beyond just income.

From Yahoo Finance: 2025-04-06 11:02:00

Determining if you’re rich or middle class is about your net worth and spending habits. To be middle class, earn between $49,968 and $149,160 annually. The median middle-class income is $90,131, while the upper class earns $219,572. Rich individuals earn significantly more and can afford luxury items without financial strain. Rich people have high net worth with significant assets, while the middle class generally owns more than they owe. Middle-class individuals may rely on debt for expenses, while the rich strategically use debt for investments. The affluent spend on luxury items and experiences, while the middle class prioritizes financial stability through careful spending. Middle class and rich individuals in middle-income neighborhoods prioritize value and financial stability. The affluent have substantial savings and a wider safety net to handle unexpected expenses, while the middle class may struggle and rely on debt or savings depletion. Rich individuals have robust financial capital and multiple income streams, unlike the middle class. To be considered rich, you should have a retirement nest egg covering your family’s financial needs for life.



Read more at Yahoo Finance: Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck