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I don't have an answer for the question but I remember watching a series of recorded interviews with Americans from all walks of life and all described themselves as middle class, from the poorest to the wealthiest.

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I have ~50k/year of passive income. I'm definitely not in the same class as people with ~50mil/year passive income.

50mil/year passive income puts u at the billionaire level. Obviously they are not going to describe themselves middle class. I do believe the commenter is referring to people making 200-1000k+ and still calling themselves middle class.

My point is that people making 200k-1000k are closer to middle class than billionaires. So it makes sense to me why they don't group themselves with the billionaires.

Anyways, I think the answer is just based on how you want to define middle and upper class.

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