Quote:
Originally Posted by Unregistered
Early 50s, earning $160k pa combined.
Two bedroom condo, paid up. Debt free.
Combined net worth $1.4m.
Is this considered mid or upper middle class?
Thanks.
|
Mid class
imho.
1) No other property that generate (more) cash flow
2) If
CPF is not ESS, then must assume you have some other plans to enhance your retirement regular income.
Nett savings 1.4m for 2 person is decent, considering mid range, not really considered upper middle class, unless:
1) You have other property (2nd property in SG/other countries )
2) You have stocks or other generating income instruments