this post was submitted on 28 Jul 2024
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[–] FlyingSquid@lemmy.world 0 points 3 months ago* (last edited 3 months ago) (1 children)

Having a couple of million in assets is still middle class.

That is ridiculous. Utterly ridiculous.

Millionaires are not middle class.

[–] Cypher@lemmy.world 2 points 3 months ago (1 children)

You think a skilled working couple can’t accrue a couple million in assets over their working life?

Well that explains a lot. You’re bad with money.

[–] FlyingSquid@lemmy.world 2 points 3 months ago (1 children)

I think "millionaire" has literally meant "rich person" for a very long time and I'm not sure why you keep making this personal.

[–] Cypher@lemmy.world 1 points 3 months ago* (last edited 3 months ago)

Your concept of middle class, wealth and finances are in question because you have repeatedly claimed that owning a $140k yacht makes you wealthy and excludes you from the middle class.

$140k is a lot of money for most people but for someone that is middle class, ie their disposable income is 30% of their income, it is potentially affordable.

Someone making $150k/year is potentially middle class, depending on their housing and living costs. If that person can put 30% of their post tax income towards an interest like yachting they could easily afford a $140k yacht.

Like I said, your understanding of wealth is lacking.