Here is the gist of the comment I left over at
Income is not a great gauge of class by itself. Net worth matters a LOT.
Have you read The Millionaire Next Door? One of the main themes is that some professionals with high incomes believe that appearing wealthy is an important part of their professional reputation. So they have big houses, expensive cars and clothes, and are deep in debt. Some rich people think it's important to save money, so they have lots of assets but they don't live in fancy houses, drive beat-up cars, etc. (The book is rather simplistic in its judgements but I agree that those patterns exist.)
Those rich folks and professionals might have similar gross incomes. But are they the same class?
They are defining "middle class" where I live as a household income of $68,420—$107,815.
They're counting it as the middle fifth of income, which means they're assuming five classes. One wonders what the results would be like if they took the middle third of income (I suspect the results would be more boring, although I'm sure some people would define themselves as middle class when they aren't in the middle third of income).
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Date: 26 Dec 2014 08:26 pm (UTC)Is social class about purchasing power, though? It doesn't tend to be used that way in the social sciences. Generally it tends to be taken to be about occupation (or, in the case of under-18s, their parents' occupations).
Another thought: in the UK, you can be upper class and broke, or middle-class and very wealthy, though I'm not sure that's true in either the U.S. or Canada.
-J
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Date: 26 Dec 2014 10:09 pm (UTC)no subject
Date: 26 Dec 2014 10:16 pm (UTC)-J
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Date: 26 Dec 2014 10:53 pm (UTC)* lol
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Date: 27 Dec 2014 03:00 am (UTC)no subject
Date: 27 Dec 2014 09:36 am (UTC)no subject
Date: 28 Dec 2014 08:46 am (UTC)A lot of our upperclass aristos have lots of power and status that isn't outwardly recognized with landed titles, but they're there all right. Think of the 400 families in the Social Register of Edith Wharton's time, plus robber barons and oil money (e.g., Rockefellers) and such.
One of the things I like about Henry Louis Gates's tv show on geneaology? Finding out that Samuel L Jackson is descended from an early (white) colonst and thus eligible for the Sons/Daughters of the American Revolution type groups.
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Date: 28 Dec 2014 10:36 am (UTC)Samuel L Jackson is descended from an early (white) colonst and thus eligible for the Sons/Daughters of the American Revolution
Lol, yes. I used to freak out "Irish Americans" by pointing out how very many "African Americans" are as "Irish" in their antecedents (in various differing genetic and cultural ways). Reclaiming of exclusive identities from excluding groups by less socially privileged members of those groups has caused me much joyful merriment over the years. /multiracial
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Date: 27 Dec 2014 01:02 am (UTC)no subject
Date: 27 Dec 2014 02:54 am (UTC)no subject
Date: 27 Dec 2014 07:47 pm (UTC)In the US, nominally classless, the term refers to ideas of wealth. "Upper class" = "wealthy" and I think there's a meme around inherited wealth and snobbery, so that an investment banker making seven figures is scornfully insisting on "just" being middle class. Middle class means having creature comforts and minor luxuries, in return for plenty of labor; lower class means "just scraping by, if that."
One hilarious set of ideas around 2008-2010 was a set of figures trying desperately to show that if you made $250,000 a year, why, after you paid your expensive mortgage, maximized your 401(k) contributions, and paid for private school for your two children, you weren't actually making all *that* much money! So don't call these poor people making a lousy stinking 1/4 of a million a year *rich* or anything!