Verified answer

No Money...Little Money...Lots of Money

Lower class is usually considered 20k or less. Middle between 20 and 100 and upper for anything above. But the way I see it all depends. Most people have a dollar and a dream, but if you only have a nickle and a nightmare your in the lower class.

There are financial guidelines, but, less commonly referred to, are educational guidelines, because that instills the potential to make money.

Arguably, social folkways and familial status could be involved. I.e. someone with royal bloodlines could be broke, but have been trained (conditioned) to act high-class and be accepted as such. It happens in tons of cliche films. It is, at best, a round-about term.

I believe the rich, middle class and poor are defined by the things they buy with their money, not how much money they make.

Example:

Rich - buy assets: things that generate income > investments and businesses

Middle - buy liabilities: things that cost them > houses, boats, auto loans, credit card debt

Poor - buy "stuff": inexpensive items which take up space but have no real value

Upper class refers to thoise on the top floor, Middle class to those on the second floor and lower class to those in the basement.

all about your money,career, and social status most of what others think of you