What is upper class income for a single person? On another note, the first stock I purchased was NVIDIA and would you believe that it is up 297% since 2016?! What is the biggest advantage of an FHA loan? A Can you negotiate a lower interest rate on student loans? Dorado, PR 00646, Metro Office Park Plenty of Boomers [and generations right after Boomers] think its all about them as well. I also agree with people who say there is more to being upper class than just money. When my parents immigrated to Canada, they were so poor that they stayed at a friends apartment and slept on a mattress that they found in a garba Yes, Investor Class is a better term as it also describes an action. Save my name, email, and website in this browser for the next time I comment. Everything is relative when it comes to finances. Simply punch in your information in the box below to run the calculation. After all, you guys still have the royalty class. Well, according to Schwab's 2021 Modern Wealth Survey (opens in new tab), Americans believe it takes a net worth of $1.9 million to qualify a person as being wealthy. This means that, on average, a single person living alone needs to make just $78,281 to be considered upper class. Because after all, its all about you. All Rights Reserved. In the central southeast states, it falls to $47,356. For its purposes, the Pew Research Center considers a household to be upper class if its income is double the U.S. median household income. As others have pointed out, its growing rapidly. In my lifetime, the size of the upper middle class has tripled, and I doubt it will stop growing I would argue you get much less support than people in poverty because you make too much and you pay more taxes than the rich because you have less loop holes to take advantage. c){for(var d=[],e=2;e