Nearly half of Americans earning $100,000 or more think they're middle class — and it shows that class in America isn't just about money

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In the US, class and wealth are relative

Of those who do have student loans, more of the middle class, upper class, and affluent have paid them off than the working class and the poor. Of the latter two groups, more than 30% each currently have student loans, compared to less than 20% of the middle class, and 10% each of the upper middle class and affluent.While respondents' wealth levels don't always align with class, their overall mindset and financial behaviors do.

Those who identify as middle class or higher are more likely to have a four-year college degree, own a car, and own a home. Slightly more than a quarter of the poor own a home, while half rent — nearly three-quarters of the middle class own a home , and nearly 86% of the affluent own a home with less than 10% renting.

It makes sense then, that the lower down the class ranks you get, the more likely it is that people don't expect to ever own a home. Nearly half of the poor and working class don't expect to own a home, compared to nearly 37% of the middle class and upper middle class and 9% of the affluent. In other expectations, more of the poor expect to never retire, while more of the affluent expect to retire at a younger age — by 55. And the higher the class, the more likely they are to think they're financially faringPersonal Finance Insider offers tools and calculators to help you make smart decisions with your money. We do not give investment advice or encourage you to buy or sell stocks or other financial products. What you decide to do with your money is up to you.

 

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Where I live less than 1% make abovev100k a year. If you make 50k....life is good!

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