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

What Net Worth Puts You in the Upper, Middle & Lower Class? We use Census Data to find out.

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Timestamps

0:00 - Start Here
0:41 - Lower Class
2:40 - Lower Middle Class
5:03 - Middle Class
7:09 - Upper Middle Class
8:44 - Global Wealth Perspective
10:29 - Upper Class (Top 20%)

PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel

[ginaem]

I grew up extremely poor. I have an upper class net worth but a lower to middle class salary. This is called the power of investing early and living a frugal lifestyle.

[Chinaonetakeout]

Never been called middle class and broke at the same time. Thanks brother 😂

[mikeacree]

The definition of wealth should be the amount of time that you can maintain your lifestyle without working

[scruffy]

There are a lot of ways to judge wealth. When you get older, there's one parameter that trumps everything. And that is your health. Good health should be your goal.

[ryans]

I’m in my mid 40s. Single, no children. I was fortunate to enter the work force with an engineering degree and no debt, thanks to my parents. I own a modest house (with a mortgage) and a modest car I paid cash for when it was new after the previous one began to fall a part. I don’t live in high cost areas either like NY or coastal CA. My net worth is around $1M which is mostly in retirement accounts. I don’t feel rich or like a millionaire but do feel fortunate and thankful. I also feel if this channel (and others like it) were around 20 years ago, I would be a lot, lot wealthier. No regrets though.

[isiah]

50k Net worth at 25 years old. Started with $100/mo when i was 18 years old making 30k/year. Now making 60k/year shooting to save $500+ per month.

[williamcain]

37 years old, 1.1M net worth, just got huge raises last few years and will make over $400k this year as a pilot. Grew up in poverty but studied hard on finances and ive saved over half my income for the last 7 years.

[annMarien]

My goal has been 3million for a long time- cautiously optimistic I’ll reach it, but that’s still 20 years away and a lot can happen by then. For now, I’m on track, I currently have 6x my wages saved and I’m a young gen-Xer.
One thing that helped was being auto enrolled into a 401k in my 20s. I didn’t even know I had that money until I quit.
Also I have a good registered fiduciary who’s been investing majority of my capital and the returns are decent. Ever heard of ferrochrome securities?

Now I just need to get my wife on board!

[vltruane]

Age 44. $300k net worth. No debt. No Student loans. Modest $70k yearly income. Life is great.

[michelc]

According to this video my wife and I are “upper” class based on net worth. Neither of us received any significant inheritance. I grew up very poor, raised on welfare and food stamps. But we both worked hard through college and were able to get rewarding careers. We live modestly, with zero debt, and are maximizing our 401k investments every year. Our goal of a comfortable retirement is looking very possible!

[nancygreen]

My net worth is over a million and I do not feel rich . I feel comfortable. I still shop bargains, no debt, no mortgage, but I do buy nice vehicles and pay cash .

[xlasveganx]

I'm a retired welder age 62..I bought a few houses paid them off. I was fortunate enough to inherit the house I grew up in and just recently sold it. No debt. Everything together puts me over 2mm. I try not to be too spendy and live a low key life.

[OBGOutbackroo]

Some days I feel like I need to be doing better, but videos like this help to remind me of how fortunate I am. I am 23 and just celebrated my 1 year work anniversary and after tallying up the OT I put in, I earned $94k as a civil engineer. My net worth is just above 0 as I work on out pacing my student loans, but with an about 60% savings rate I'm hoping to make it to the top. Thanks Humphrey!

[Donkeyearsa]

A really big problem is that this does not brake people down into age groups. As you age in most cases you will climb categories. So the lowest will be mostly young people and the high end will be mostly old people. This does not help people know how they are doing with their age category peers.

[Kimbopolo]

Went from lower middle class to upper class over a span of 25 years. All due to focus, discipline and, yes, pure luck being born in the U.S. Thanks for the reminder that upward mobility is possible in our great country.

[stayfocused]

$50k net worth and 25 years old. Basically 100% of that is in retirement accounts. No debt, no assets. I know it’ll start to really pick up later in life, but damn it takes a while to get that ball rolling.

[sfinas]

Humphrey, that was refreshing. I tend to get lost in the pursuit of financial success, the obsession to earn more and be financially "free". To know that earning +$50/day puts you in the top 20% across the globe - it makes you realise how good we have it and to take a pause occasionally and practise gratitude. I want to create a balance where hunger and drive don't diminish - but also be reflective and grateful enough, that my financial pursuits aren't crippling. Appreciate the breakdown, all the best!

[andrewthomas]

Oof, that was a wake up call. I'm Upper Middle class by income, but Lower class by net worth (I have a negative net worth right now). I 100% agree with your point that many "lower class" people get stuck in a cycle of debt, which seems to characterize our family since I was little. Working my way up though. My net worth has climbed over the last couple years, so once I pay off a good chunk of debt I can make it to solid middle class after the debt is paid down. Age 27 for context.

[darkdudironaji]

This actually makes me feel pretty good about myself. I was 16 when my son was born, so it was hard for me to juggle work, school, and fatherhood. I had to very slowly work my way through college. At 29 years old, I bought a house. At 30 years old I graduated college. Now I'm 31 years old. The only debt I have is my house. And my net worth is right around $70, 000. At my current rate, I should be hitting the $100k mark before I turn 33.

[privatepilot]

I was born with nothing and I still have most of it left.