If we can afford Maplewood taxes and have money in the bank I say we're rich
Great points by everyone. However there are many different factor when determining what class your in. A small family of 3 with a household income of about 160k I would think is middle class considerably.
Middle class isn't just an income or wealth number, but also a lifestyle. I daresay that most of us in M/SO live a middle class lifestyle, not matter what our income or wealth level.
Great discussion, and I agree I think it's all dependent on cost of living and of course what people value-some value experiences, some value possessions. But I think the ability to have either with little or no thought about the consequences counts as "rich".
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Good stuff, mfpark. Excellent points, and very well put.