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I think such a high percentage of the upper middle class have done such a poor job of managing their lives as lower income earners that their income to debt ratio makes their income in effect much smaller. Are they still "rich" because they are in a percentage level? I don't know.
I know DINKs that have lower income than my wife and I do but have far more disposable income because they have no children. I would qualify them as rich long before I would qualify us. We have some good friend who are DINKs who just spent a week in Belize and put a down payment on some property there because they love it. We make more but could never even think of doing that.
I don't think you can define rich by level of income.....I think it has more to do with assets vs. liabilities.
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