alt Hacker NewsI don't think you understand what the 1% is, it's not your neighbour who has a nice house, a swimming pool and a ferrari...
https://images.seattletimes.com/wp-content/uploads/2017/12/9...
https://www.peoplespolicyproject.org/wp-content/uploads/2020...
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https://static.guim.co.uk/ni/1415721490539/Wealth_line-chart...
Definitionally the 1% is people making ~$800k+ a year.
Upper-middle class is people making ~$200k/year.
A lot of people have moved from middle class to upper middle class over the last decade. Both those categories are outside the 1%.