Net Worth To Be in America's Upper, Middle & Lower Class

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Published 2022-01-31
A couple of weeks ago I did a video that looked at the income necessary to be in the upper, middle and lower income brackets in America. Well here comes a follow up video to that one. As a handful of viewers were quick to point out, they thought income was perhaps not the best metric for this. Instead, they thought net worth would be a better metric - hence this follow up video. This one looks at the NET WORTH. necessary to be in the 5 ✋ different quintiles in America as designated by the US Census Bureau.

Those quintiles are evenly separated into 20% categories.

Do you think net worth is a better metric? Let me know your thoughts down below!

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Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

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While you are here, why not check out some of my other videos:

Income necessary to be in Americas Upper, Middle & Lower Income Brackets:    • Income To Be In America's Upper, Midd...  

What is the average income in America by state:    • Average Income By State  

How much do you need to live off dividends:    • How Much Do You Need Invested To LIVE...  

Crazy ways we waste money:    • Insane Things We Waste Money On  

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#networth #middleclass

All Comments (21)
  • @CraigNAnderson
    Great content in your channel, Erin! I’m 53 and my wife and I reached $1M net worth in 2017, five years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
  • @joeholiday706
    “When you look to buy something do you need to look at the price tag?” Yes, that’s how I got into this category, and if I stop looking at the price tag then I will probably fall back out of it.
  • @hump1953
    Interesting video, I’m 69 single, never married, no kids… had a decent job… have net worth a little over 2 Million…with pension and good social security…feel so blessed…
  • @jayjayquest4958
    NET WORTH 2:34 Poverty Class = $6030 4:27 Lower Middle Class = $43,760 6:26 Middle Class = $104,700 7:47 Upper Middle Class = $201,800 9:19 Upper Class = $608,900
  • It's funny I stumbled across this video. I was just telling a friend the other day most people are doing well to reach a net worth of zero. He looked at me like I was nuts until I explained that means no debt. No credit card balances or mortgage. I'm a janitor with a net worth of 7,000. That might be just a smidge more than poverty level, but I'm actually doing better than some of my friends who make a lot more, but have tons of debt. I'm free to grow my wealth. They can't even begin to do that until the debt is gone.
  • @fredweller1086
    Net worth appx 1.2 million. Never earned more than $65k a year. It's called saving.
  • @pbur8406
    Great Video ! I always got depressed because my income rarely went over 50k ......but my net worth of 650k gives me a more optimistic approach to retirement
  • @TM-tw1py
    Every High School student should be required to watch this video at least 1X each school year. Then, another 10 hours of class time should be devoted to research, discussion, and better understanding these concepts.
  • Erin, I’m really impressed! It wasn’t long ago in one of your videos you were telling us that you had 100,000 views on all your videos and now just one has achieved that! Congratulations ! I watched your other video and wasn’t surprised to find myself in the middleclass as an income earner but was really surprised to find myself in the wealthy category in net worth. I don’t feel wealthy but I feel very fortunate. I’m near retirement and I can’t say I feel ready to retire . It is an uneasy feeling but I have to trust that as we go Into a more fixed income that all will work out. Thanks for what you are doing and I think the numbers are showing that many want to hear the message that you have.
  • @danforward3913
    Great video, Erin! Glad I found this channel. I always thought (based on...basically nothing) of the upper class as those people who don't HAVE to work to sustain their lifestyles. Kind of like a landed gentry (upper class) vs. merchant (middle class) idea. I was really interested to learn these actual guideposts! You've definitely got a new viewer.
  • @shawnpatton3795
    You’re welcome. Thank you for the time and other resources for making these videos that provide positive impact to us, your viewers. We appreciate your hard work.
  • @mommytradertube
    Great Video Erin! I look more at our Net Worth and I teach people here on YouTube to do the same! Knowing what you own and how much of it that you own is VERY important! It's the same with debt! Our Net Worth crossed $1 Million last August and it was because we had the money working in stocks, real estate and crypto. We started low income and through education, networking and hard work..have been able to make more and have that grow on the back end for us! Like you said..it's all about money management! Again..LOVE your videos Erin!! Keep the content coming sis! ❤️
  • @RJMWJ
    You're very welcome, Erin and THANK YOU for all of the amazing, down-to-Earth content. I've been telling lots of people about your channel and will continue to do so! Good stuff!
  • @lastempire7302
    8:53 would have been true if we are in the 60s. I'm a "multimillionaire" and I still shop on store coupons and often beat myself to death whenever I for not getting a bargain. Just because I can afford it doesn't mean I want to pay for it. A million dollar is not something to write home about these day.
  • Our feelings of security have increased as we've worked our way up, but my husband and I still retain many of the frugal habits we practiced during our aggressive saving years.
  • @szolotov3708
    I really like your type of content and I watched every single one of your videos. I found your channel almost 6 month ago, and you inspired me to create mine as well! I'm really happy to see how your consistent and hard work finally got attention to your channel. Wish your channel all the best! 👍
  • @bill7481
    Your 100k views are well deserved, Erin! Congratulations! It’s no surprise to me, though, as you talk about money in a non-judgmental manner. Keep up the great work!
  • @Steve-nb9kg
    Net worth is heavily dependent on age, so maybe a breakdown for age brackets would be useful. $100K is a lot for an 18 year old, but too little for a 60 yr old...
  • @michiganabigail
    I've been binging every video you've released and I love them all! I don't make much money from my regular day job, but I have three jobs and a roommate, so I'm doing okay. I would define the lower, middler, and upper classes by the amount you can live comfortably. Lower class to me is defined as having so many bills or so little income, you can't live a lifestyle with anything but the most basic necessities. Middle class à la Abby would be a comfortable life with enough money to go out to eat every once in a while and to save up for (my personal large expenses that I'm saving for) a nice camera and a bathroom remodel. Upper class is like middle class kind of, just more eating out and less time needed to save up for large expenses. I am Ramsey-esque in my opinion on debt: don't be in it! That sets you back to a lower class life!
  • @Tubularicious
    Nice Job, Great Positive Energy and Motivated passion in your voice! Brief, Concise, and Clarity in delivery! Keep e'm coming!