Originally Posted by
LondonElite
I wouldn't put Centurion on that much of a pedestal. I know about a dozen cardholders in the US and UK who lead very upper middle-class lives, but are by no definition 'wealthy'. Two struggle to pay their mortgage each month and have done so for years. It's an imperfect algorithm for what is a mass-market product.
I guarantee you those friends of yours are wealthy by any and all standards. Upper middle class doesn’t start at the top 1% or 0.5% of income earners. About $400k yearly income puts you in the top 1% of income earners in the United States.
I will give you thought that there is quite a gulf between top 1% and top 0.1%.