Quote:
Originally Posted by tony20009
I don't even think one can safely commit to that belief even. I can assure you that if something were to happen to me, one of my relatives would likely end up with one of my $20K watches and I can tell you there's a few of them who haven't even been in the same state as the word "wealth" let alone have any of their own. 
In light of my comment above, it's pretty clear they don't represent any strata.
All the best. |
Great point. Gifting further muddles issue of assessing wealth based on jewelry. I chose $75,000 as a somewhat arbitrary middle class income that's still comfortably above the median U.S. income, but you're right in asserting that the low end of that monstrous range could be even lower still.