When everyone has a million dollars no one is a millionaire.
It’s not that upper míddle class has too many people in it, it’s that the definition of middle and upper middle class hasn’t been updated to reflect the reality of 2025. Money doesn’t go that far anymore, so more people have more of it.
Though this now is getting updated. Amex and other credit card companies have realized this and are now pushing their fees higher to remain exclusive as before.
k4rli•2h ago
How are higher fees supposed to make it more exclusive?
At least in Europe it's based on monthly net income so you'd need >~5k EUR net a month for some credit cards. They have lower fees and interest rates than regular cards.
dyl000•3h ago
Same idea of how earning six figure s isn’t too impressive any more, the value of fiat is falling off a cliff and we aren’t moving the definitions upwards.
darth_avocado•7h ago
It’s not that upper míddle class has too many people in it, it’s that the definition of middle and upper middle class hasn’t been updated to reflect the reality of 2025. Money doesn’t go that far anymore, so more people have more of it.
Though this now is getting updated. Amex and other credit card companies have realized this and are now pushing their fees higher to remain exclusive as before.
k4rli•2h ago
At least in Europe it's based on monthly net income so you'd need >~5k EUR net a month for some credit cards. They have lower fees and interest rates than regular cards.