Definitionally the 1% is people making ~$800k+ a year.
Upper-middle class is people making ~$200k/year.
A lot of people have moved from middle class to upper middle class over the last decade. Both those categories are outside the 1%.
Upper-middle class is people making ~$200k/year.
A lot of people have moved from middle class to upper middle class over the last decade. Both those categories are outside the 1%.
The upper limit and the median of the household income quintiles as of 2022 are:[0]
Lowest: $ 30,000 / $ 16,120
Second: $ 58,020 / $ 43,850
Middle: $ 94,000 / $ 74,730
Fourth: $153,000 / $119,900
Top: - / $277,300
Even the GP, which I directionally agree with, says "upper-middle class is people making ~$200k/yr" but you're deep into the top quintile by that point, probably top 10%. I don't know what percentile I consider "upper middle" but it's definitely lower than top 10%.
[0] https://taxpolicycenter.org/statistics/household-income-quin...
But I notice you haven't actually responded to the point that "the 1%" actually does mean "your neighbor with a nice house and a pool" because $800k income puts you in the 1%. That's two doctors in not-particularly-highly-paid specialties. That's two good attorneys at big firms. That's two FAANG software engineers. Definitionally there's not going to be a ton of people in that group, it's hard to get into that group, but they're everywhere not just billionaires twirling their mustache and trying to reroute rivers to sell the water like some caricature.