Why Do Billionaires Insist They’re Middle Class? Shocking Study Reveals Unexpected Answers
Ever wake up and wonder, “Am I secretly rich and just don’t know it?” Well, you’re not alone—turns out, the world’s billionaires ask themselves the opposite question every day . There’s something gloriously absurd about imagining Jeff Bezos, Mark Zuckerberg, and their ultra-wealthy compatriots squinting at their checking accounts and sighing, “So, we’re basically middle class, right?” I mean, how many zeros is it before you start seeing yourself as, you know, absolutely loaded? Spoiler alert: apparently, more than you’d think . Dive into the latest jaw-dropping survey where the planet’s richest people clutch their pearls over the price of private islands, college donations, and, heaven help us, full-body MRIs that just keep going up . It’s part comedy, part economic masterclass, and entirely a reflection of just how stretchy the “middle class” label’s become—maybe we’re all just a couple dozen zeroes away from worrying about our next private chef! If you’re ready to question literally everything you’ve ever known about class, take a front-row seat . LEARN MORE
ST. PAUL, MN—In a comprehensive new survey of how the wealthy view their socioeconomic status, a study published this week in the Journal Of Economic Perspectives found that the majority of billionaires consider themselves to be middle class.
The study—which collected responses from 865 of the richest Americans, including Jeff Bezos, Mark Zuckerberg, Elon Musk, Alice Walton, and Michael Bloomberg—reports that 70% of individuals with $1 billion or more in assets said they belong to moderate-income households. Of those, around a third acknowledged that as a result of their hard work, they may now be doing well enough to qualify as upper middle class.
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