If someone has net worth of $10 million is it still considered middle class?

[Anonymous]

[Anonymous]

What the fuck have you been smoking? In the USA, if your net worth is 10 million or more, you're in the top 1% !! Middle class, which is shrinking everyday, depends on where you live, what you earn and how many mouths you're feeding.

[Anonymous]

Yeah that's only comfortably wealthy so not at all rich

[Static_In_The_Attic]

If you are in the millionaires club a net worth of $10 million would be considered middle class. On the other hand if you are in the thousand, hundred or living paycheck to paycheck club a new worth of $10 million would be considered a Rich Bitch.

[MCheetah]

No. You need to earn at least $400,000 USD, to be officially considered Upper Class and part of "the 1%."

However, "upper Middle Class" ranges from $80,000 a year in salary, to $399,999 a year in salary, which is a huge margin of wealth.

[LiamJHayden]

Not normally, but it is possible if the person inherited a house that is worth that, and the house is locked for property tax purposes at an old assessment, with the new owner earning $50K. On paper the person is wealthy, but selling the house would trigger cap gains and then buying a new house that might have property taxes that suck up most of his net income, especially if he's married and has children, forcing him to keep the house and live a middle class life in that valuable house.

[Andrewsmith14]

Upper middle class if you live in the US or Canada.

[TheFlak38]

give me 10 million and call me whatever you like

[In_Trance]

Depends; do they work for the money or dies the money work for them?

[Anonymous]

Probably.. since the real rich people probably don't even care about money.

[Wise4myage]

Of course not, lol. They are rich.

[AmeerX]

Upper middle class