American society is built around “keeping up with the Joneses,” and it naturally makes Americans curious about how their friends, neighbors and colleagues are doing financially. This is particularly true when it comes to retirement funding, particularly for people in their 60s.
At that age, most pre-retirees are wondering if they’ve amassed enough wealth to achieve upper middle class status, which is generally enough to lead a comfortable retirement. While there’s no official definition, data from the Federal Reserve, the U.S. Census Bureau and various financial services firms can provide a reasonable framework for what “upper middle class” really means.
