There’s literally research on this topic that clearly says that most people count themselves as middle-class, no matter if they are part of the top 0.1% or of the bottom 10%.
Even among millionaires, only 8% would characterize themselves as wealthy these days.
Roughly 60% of investors with $1 million or more of investable assets said they are more likely upper middle class, according to a recent Ameriprise Financial survey of more than 3,000 adults.
Of those making more than $175,000 a year, or roughly the top 10% of tax filers, one-quarter said they were either “very poor,” “poor” or “getting by but things are tight.”
Even a share of those making more than $500,000 and $1,000,000 said the same.
There’s literally research on this topic that clearly says that most people count themselves as middle-class, no matter if they are part of the top 0.1% or of the bottom 10%.
This is not made up.
For example: https://www.cnbc.com/2023/11/10/survey-31percent-of-millionaires-say-they-are-part-of-the-middle-class.html
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