Your concept of middle class, wealth and finances are in question because you have repeatedly claimed that owning a $140k yacht makes you wealthy and excludes you from the middle class.
$140k is a lot of money for most people but for someone that is middle class, ie their disposable income is 30% of their income, it is potentially affordable.
Someone making $150k/year is potentially middle class, depending on their housing and living costs. If that person can put 30% of their post tax income towards an interest like yachting they could easily afford a $140k yacht.
Like I said, your understanding of wealth is lacking.
I think there’s not enough room in “middle class” to buy a home and a yacht that costs more than a luxury car.
There’s a reason they’re called luxury cars. They’re for the rich.
Luxury cars are defined solely for taxation purposes.
Having a couple of million in assets is still middle class. A union worker can build that sort of wealth over a lifetime.
You probably aren’t middle class given your limited views on some rather modest assets.
That is ridiculous. Utterly ridiculous.
Millionaires are not middle class.
You think a skilled working couple can’t accrue a couple million in assets over their working life?
Well that explains a lot. You’re bad with money.
I think “millionaire” has literally meant “rich person” for a very long time and I’m not sure why you keep making this personal.
Your concept of middle class, wealth and finances are in question because you have repeatedly claimed that owning a $140k yacht makes you wealthy and excludes you from the middle class.
$140k is a lot of money for most people but for someone that is middle class, ie their disposable income is 30% of their income, it is potentially affordable.
Someone making $150k/year is potentially middle class, depending on their housing and living costs. If that person can put 30% of their post tax income towards an interest like yachting they could easily afford a $140k yacht.
Like I said, your understanding of wealth is lacking.