Here's the Minimum Net Worth Considered To Be Upper Middle Class at 50 [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Net worth can vary due to a number of factors, like age and location. Here's a look at the net worth that could be considered upper middle class at 50. Also see the income needed to be upper middle class in the 50 largest U.S. cities Around 40% of U.S. workers earning over $500,000 consider themselves as living paycheck to paycheck , according to a Goldman Sachs survey , showing that a strong income doesn't necessarily mean you're saving and investing money for the future and can afford situations like a job loss. Net worth, however, reflects your assets, such as your bank accounts, investment accounts and real estate, minus any debts such as a mortgage and credit card balances. A high net worth generally means that if you fall on hard times, you have assets you can draw from, and you also might be in a more comfortable position to retire. Read More: What Class Do You Actually Belong To? The Income Breakdown Might Shock You Check Out: 6 Subtly Genius Moves All Wealthy Peopl
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- GS's page on the SEC website