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Originally Posted by kutulu
That is a pointless statement. The thing with people making in excess of 100k is that they still consider themselves to be middle class when in fact they are not. Last time I checked being middle class didn't mean you were in the top 7% of all wage earners.
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Middle class is not just a nationwide class. In my city and county, I am middle class. I make somewhere areound $125k gross. Upper class in my area starts around $230k. In the place I used to live in, *nameles city to keep my identity offline*, the mean income was around $36k. Upper class there was above $80-90k. You have to adjust for income and real estate in areas. When I make $125k a year, I can own a home and make payments on nice cars and buy food and utilities, and still have a bit left over. If I made this amount and lived even 100 miles inland from here, I could live in a 5-6 bedroom house, drive an Astin Martin, and get that giant 50 inch plasma TV I've always wanted. You can't average out over the entire country when it comes to how far income will get you. It is relative.
I live in a small house that is worth like $500-600k. If my house were built exactly the same in Missouri, it would be worth maybe $95k.