Here’s the Minimum Net Worth Considered to Be Upper Middle Class at 55

“Upper middle class” is a phrase we hear a lot, but what does it really mean — especially once you hit 55? While it might conjure images of fancy vacations or a big house, there’s actually a more concrete way to define it: Your net worth. “I spend a great deal of time analyzing how net worth benchmarks evolve and what it realistically takes to meet them,” said Dennis Shirshikov, professor of finance at City University of New York and head of growth and engineering at GrowthLimit. By 55, he said the def ...