What Net Worth Puts You in the Upper, Middle & Lower Class?

🎬 In this video, we explore America's five wealth quintiles - from the lower to upper classes. Discover the distinctive traits of the lower, lower-middle, middle, upper-middle, and upper classes. Dive deeper than just statistics: unravel the narratives that give depth to these figures. Check it out!
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⏱ Timestamps
0:00 Intro
0:36 Net Worth Unpacked
1:24 Bottom 20%
3:03 Lower Middle
4:18 Middle
5:27 Upper Middle
6:10 Upper
7:02 Not Just About Moolah
📜 DISCLAIMERS & DISCLOSURES
This content is for education and entertainment only. Diane doesn't offer personal finance, wealth, or investment advice. The information is shared without regard to individual investor goals, risk tolerance, or financial situations and may not be suitable for everyone.
Affiliate links may be included to support this channel. Thank you! 💙

[@sanjaypatelmd4669]

I came to usa 27 years ago with $32 , worked hard, went to med school residency and fellowship, started working and built business and sold it 11 years ago for millions … now worth 100+ million dollars!

[@kennethwilliams9668]

Feel better now?

[@Livingthedream157]

@@kennethwilliams9668😂😂😂

[@phuong_TL]

Great video! It was helpful to understand the breakdown of different classes. I appreciate the numbers you presented.

[@KellanReck]

Awesome video! This should blow up 🎉

[@thomasnattania]

This channel is going to grow…. FAST… love the vids!

[@cancel.lgbtq.6892]

I've been on my own since 17 , never been to college. My net worth is over half a million. Everything I have , I earned it with blood and tears.

[@jorgeayala6310]

Draaaaaama

[@chrisbaker2669]

I think you are severally over estimating the networth of the bottom 20% I believe the bottom 20% networth is negative because so many people have student loans with a negative net worth.

[@KayzoTran]

Interesting thoughts on net worth, thank you!

[@dianelutran]

You are welcome!

[@TP-yy6ks]

You mentioned that many people in the lowest bracket are stuck in jobs that don't resonate with their skills, have wage stagnation, and lack opportunity for advancement, As a result, they are stuck in a perpetual cycle of poverty. In my opinion almost everyone starts out in the lowest net worth bracket; however, they work into higher brackets as they get older. It would be nice to see statistics of people who move into higher net worth brackets vs people forever stuck in the lowest poverty bracket (and any circumstances or life decisions that kept them in poverty).

[@mysticaltyger2009]

According to this video, I'm in the upper class. Yet I work a kinda crappy retail job and live with my mom because the rent is too darn high. 600k to 800k isn't enough to retire on unless you have a paid off house, a pension, a good social security check or some other source of income. I basically live like a lower middle class person because I'd rather suck it up now than be old and poor and out of money.

[@carguy3028]

Having a high net worth doesn’t mean you’re rich it just means you’re better off than most other people. I am near 450k in net worth but it’s not money in my bank account, most of it is my house and 401k, without those two things I drop into the bottom rung. I imagine 1 day I’ll be a broke millionaire, a million in net worth but not much spending money.

[@user-tb7rn1il3q]

If you have that much, why are living with your mother? Something doesn’t make sense. You need to buy a house.

[@coreyfranco7060]

Why wouldn't you want to enjoy life while you're young lol? You wont even be able to f-ck when you get older...

[@TheFirstRealChewy]

A lot of people don't have much invested. Based on a lot of these studies, equity in a home accounts for a huge portion of most people's net worth. If looking at liquid net worth, it's a lot lower. If you can pay your bills, own a paid off home, and increase your liquid net worth to 20X your expenses by age 60, you are doing better than a lot of people. Remember that your neighborhood isn't a good representation of how everyone in the country is living.

[@jdoe981]

Having a paid off home, and a ss check you can live on totally is key. I'm considered upper, house paid off and worth 700k, $ left over from ss check, 401k, stashing savings back every month and not touching anything else

[@TheFirstRealChewy]

Yes, lowering your expenses has a huge impact. If we can lower our expenses so that social security benefits cover most or all of it then we'll be in a very good position. That said, we are still decades away from that and I'm in no rush to get older.😊

[@TheFirstRealChewy]

Net worth isn't relative. Whether its considered high or low is relative.

[@yankeedoodle6293]

I have an 8 figure net worth. If I was broke. I would 100% live in my car and save every penny

[@TheFirstRealChewy]

The issue a lot of people have is lifestyle inflation. The reality is that outside of healthcare, you don't need a lot of money if you are willing to make some serious sacrifices. What I do is create some milestones. The first one to reach is enough money to pay for food, the next is to also pay for shelter, and so on. I also figured that if things go horrible I'll have to buy a tent and find a place to setup, or buy a used car or camper.😊

[@bright2915]

In a van, down by the river.

[@tancreddehauteville764]

By international standards, net income in the US is extraordinarily high, but net worth is not. My wife and I (a couple in our mid 50s) live in the UK and we consider ourselves comfortably off, with a net income of $82,500 a year but a net worth of $1.75M once pension funds are taken into account. I don't understand why in the US incomes are so high but net worth not so high - seems weird to me. I do know that the cost of living in the US is higher, especially healthcare if you are under 65, but I don't get the disparity.

[@charleszhang6069]

Because they spent tons of money on Gucci to impress others

[@erupendragon7376]

Simple. Assets - Liabilities = 1Million USD + AND you have 500,000 in liquid accessible assets =. You are middle class. Otherwise you are a peasant.

[@seanmcgovern1806]

Very out of touch