Don’t kid yourself that you’re middle class
What social class are you in?
If you are like most Americans, you will probably say “middle class.” In a recent Pew survey, almost nine in 10 Americans did, and about half of Americans said they were “middle middle” class. Only 2 percent acknowledge that they’re “upper class.”
How is that possible? How far does the middle stretch?
If you have a household income above around $120,000, you are in the top fifth of the distribution. If you’re above $200,000, you’re in the top tenth. Would you still say you’re in the middle?