Wondering what it takes to be "upper class"? Well, it depends who you ask. Your salary, where you live, and your net worth all matter—but so does your generation. According to millennials, you're looking at at least $100,001 a year.
GOBankingRates surveyed over 1,000 Americans across generations to settle this debate. They defined "upper class" as earning at least double your state's median household income. For a family of four in North Carolina, that means pulling in $227,586 annually. But again, it varies wildly depending on location.
The survey split millennials into two camps: younger (29-34) and older (35-44). Turns out, 38% of older millennials and 36% of younger millennials think the sweet spot is somewhere between $100,001 and $250,000.
Not many millennials believe you need to hit the half-a-million mark, though. Only 14% of younger millennials said $500,000+ is the magic number—that's actually even fewer than Gen Z (17%). Older millennials and boomers were more likely to set the bar that high, with 21% and 20% respectively.
Interestingly, more millennials than boomers think you can be upper class on $75,001-$100,000. If you're earning in that range and want to level up, you could always move somewhere cheaper to stretch your money further. Or consider a career switch to a higher-paying gig—it might be more doable than you think, since over a million Americans already rake in $500,000+ according to ADP Research.