Would my family be considered upper class?

Question

I've woundered this for quite awhile. My family lives in a 3000 sqft house in a lake community, its worth $890 000, our oldest vehical is an 2006. Our lest expensive vehical is 36000 our most expensive is 57000. We have 2 other houses we rent our both are about 1800 sqft and about 400 000. Everything we have is brand new and we wont live in a house untill we completley renovate it. So, whats your opinion?? Im not trying to brag or anything im just curious. By the way, we live in Calgary, Alberta, Canada so the average house price is about 480 000.

Well, my dads side of the family were country people. My mothers are very well educated rich british people. Both my parents have absolulty no debt at all. And both only have grade 12 education but are very sucsessfull and self employed. My mother owns her own store in the beaty industry and after taxes makes about $350 000 a year by father about $170 000 a year. My father is a contractor.

ahaha, angelbabe, well i wouldn't consider this "public"

Oops, i ment ANGEL baby

Answer 1

Without question.

The net worth of a median Canadian household in 2005 was $148,400 and the net worth distribution is as follows:

10th percentile - $1,000
30th percentile - $37,300
50th percentile - $148,400
70th percentile - $361,200
90th percentile - $862,900

Your house by itself places your family in the top 10% of Canadians.

Answer 2

It kinda depends on WHAT part of the Country you're comparing your Family's "worth" with... But generally, I'd say you were "lower, Upper Class"- for that part of the World (But DON'T let it go to your head; Bill Gates would probably still look at your house & think; "What a quaint summer cottage..."). :)

Answer 3

class has much more to do with your familiy's background than it does with how much money they have or what car your folks drive. tell me about the education level achieved by your parents. how far back can you trace your family lineage? in general, the upper class is reserved for "old" money families. you sound more like you would be upper-middle class. imo

Answer 4

If you lived here in Southern California (particularly in Orange County or LA), you would be considered middle class.

Answer 5

Your family is comfortable and class more has to do with behavior than money

FYI My mother told me people with class never discuss money in public

Answer 6

You mentioned your assets but not your debt. If your debt is fairly low compared to your assets, then yes I think you would be considered upper class. Congratulations!

Answer 7

sounds like it to me.