Edit: and 120k/yr is nowhere near "upper-class"
Edit: and 120k/yr is nowhere near "upper-class"
http://www.taxpolicycenter.org/statistics/household-income-q...
1: http://www.nytimes.com/2003/01/12/opinion/the-triumph-of-hop...
Additionally, if the wealth distribution curve for the country is basically a backwards "L" with the bend at the ~99th percentile, the difference between the 60th and 80th percentiles isn't really meaningful since the "upper class" is clearly the 99th percentile.
Edit: obviously there are also social caste connotations that used to be applied here too, but I'm only interested in the economic definition.
From Merriam-Webster: a social class occupying a position above the middle class and having the highest status in a society
Many of the HN regulars are upper income, but very few would qualify as upper class (most of us lack the political and social connections).