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I_am_Tosk

In article ,
says...

In article ,
says...

On Tue, 19 Apr 2011 12:56:55 -0400, Harryk
wrote:

People who spend half their year cruising on a posh 50' yacht are
neither middle income nor middle class.

Nonsense. Who says that the middle class can't retire comfortably?

For what it's worth, private banks and other high end investment
management firms now define "wealthy" as those with a net worth over
$5 million, and that's the lower tier. Their top tier clients
generally are over $20m. I know a few people who qualify but not too
many.

I consider under 75,000 a year, lower middle class, and middle class is
from about 75,000 at a low end, and maybe 150-175,000 the upper end of
middle class. If you are making a quarter million a year, you are not
middle class...

And if you have more than say 2 1/2 - 3 million in assets, you are
probably not middle class either...

--
Team Rowdy Mouse, Banned from the Mall for life!