Comments by "Schnitzel_Stephan" (@stephans1990) on "Most People Think They Are Middle Class (Most Are Not)" video.

  1. The problem is also that the middle class is so wide, ranging from lower to upper middle class, that potentially 80% of people fall into this. To me, lower middle class means having 1.5 income (husband works in a skilled labor job, wife works part time or in unskilled labor) owning a small house with a mortgage in a not too shabby neighborhood, having a second hand car that's still in okay shape, being able to take the kids to go camping in France or Spain for 2-3 weeks in the summer and despite living on a budget having no real money issues. Where I would define the upper middle class as a double income household where both partners are starting to make career in a highly educated field earning a reasonably high income (75K-100K), living in a semi-detached house in a "good" neighborhood/suburb. Having two cars, one being a high spec middle class SUV or perhaps even an entry level model of a premium brand (preferably electric and driven as a corporate lease), going skiing in winter and on vacation to another continent in the summer and having enough budget to afford anything except for insanely luxury things (like a Patek Watch or a Ferrari).
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