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by TheCoelacanth
4440 days ago
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The bottom 50-90% of the top 10% of earners is very much part of what is traditionally called "middle class". People in high-paying professional occupations such as doctors, lawyers and engineers have always been considered part of the middle class. The upper class is made up of capitalists and high-level executives, not people who work for a living. Source: http://en.wikipedia.org/wiki/American_middle_class#Academic_... |
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Still, I think your source really just proves my point: by no means is anyone earning 120K a year "solidly middle class". By pretty much all of the definitions you listed, 120K a year would either be "upper middle class", or "the rich" (e.g. find me a homeowner in SF who doesn't have >1 million in home equity).