![]() The upper middle class are the heaviest taxed group in America (whereas those in the upper class have more of their income in capital gains, which has a lower tax rate). Some loosely define the middle class through home ownershipthe median income of homeowners (73,313) is roughly 80 higher than the income of renters. Most upper middle class families still depend on salary and their day job to sustain their lifestyle (hence they are not Upper Class which relies more on investment & rent income). Household incomes vary from $100k to $500k. Among the upper middle class, there is often a strong emphasis on education and getting into the right college for their children, to the point of obsession (see helicopter parents). The political affiliations of the upper middle class vary greatly with age and region in the country. ![]() They tend to live in cities during their 20s, marry in their late 20s or early 30s, and move to wealthy suburbs with good school districts when the kids come. Many have advanced degrees beyond college. Typical professions in the upper middle class are biglaw lawyers, physicians, dentists, accountants, consultants, school principals, and engineers with managerial roles. The upper middle class is better described as the Professional or Managerial Class, and consists of mostly white collared professionals or successful small business owners. $60k per family is squarely middle class. Due to inflation, all three median net worth figures by class are up at least 10 in today's dollars. The Middle Class has a median net worth of only 87,140. The Mass Affluent (80th 99th percentile) has a median net worth of 746,950. Unless you live in Kansas or South Dakota, $60k per household doesn't get you very far in the typical metro area where most Americans live today. The Top One Percent has a median net worth of 10,700,000. The Upper Middle Class doesn't start at $60,000 household income.
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