Quote:
Originally Posted by Unregistered
50, sole breadwinner. Income $130k pa.
Family resides in a condo. Owns a car. No debt.
Total net worth, including condo, is about $1.4m.
How are we doing financially?
Are we considered a mid or upper middle class family?
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Since you own both a condo and a car, you are in the top 15% - 20% of the population as only 15% lives in a condo. You are clearly an upper middle class family.