millionaires are way above middle class, middle class is usually around depending on area, is 100k.year. millionaires are way above that.
Fingolfinz@lemmy.world 5 days ago
Anyone who isn’t rich in America can go fuck yourself is what they’ve been saying for a while in words and actions
Ledericas@lemm.ee 4 days ago
falcunculus@jlai.lu 4 days ago
You’re missing their point, they’re saying from the point of view of those in power millionaires are middle class.
Although there are some that distinguish a “managerial class” that is in-between the middle class and the billionaires : people like CEOs and such, with net worth in the tens of millions but who are not those who benefit the most from the system and are culturally distinct. I think it’s a useful concept personally, as their interests aren’t necessarily the same as the owner class but they still have a lot of political power.
Modern_medicine_isnt@lemmy.world 4 days ago
Oddly, millionaires aren’t really the middle class. House’s in California routinely cost more than a million dollars. And a lot of people probably have a million dollars of retirement in one form or another. (Pensions have a value that very often tops a million). The middle class you are describing (athletes and pop stars) probably are more like 100 million or something. We just don’t have a good name for that.
xthexder@l.sw0.com 4 days ago
What the “middle class” can afford has changed quite a bit in the last few decades. Owning a home is arguably “upper class” at this point. The median US income was only $80k in 2023. Pentions are also getting increasingly rare. What used to be considered middle class is now struggling to get by. Middle class is defined by the income of the middle third of the population, not by a particular lifestyle.
SkunkWorkz@lemmy.world 4 days ago
Bourgeoisie is what they are called. Wealthy people without an aristocratic tile and not part of the ruling class.