In the UK being upper class traditionally has to do with being part of the aristocracy, but now the definition is expanded to include significant “new money” families where money is inherited across generations.
I always find it baffling when people say inheriting millions is an insignificant amount of money. Someone middle class on a £50K/year salary would have to work for 160 years solid to get £8m before tax. Even if they magically worked for 160 years straight they would never have anywhere near close to £8m in their bank account, like they would never be approved to buy an asset worth anything near close that. Their house would likely be worth less than a million if they bought with today’s mortgages.
I always find it baffling when people say inheriting millions is an insignificant amount of money. Someone middle class on a £50K/year salary would have to work for 160 years solid to get £8m before tax. Even if they magically worked for 160 years straight they would never have anywhere near close to £8m in their bank account, like they would never be approved to buy an asset worth anything near close that. Their house would likely be worth less than a million if they bought with today’s mortgages.
Is your full stop key broken? What’s with all the commas? Grace and her family and yours by the sound of it (though I still think you’re a troll) are filthy stinking rich even if they are not as rich as Bezos. Hope this helps.So Graces mother has immense wealth ? , im all for slagging off grace, im not going to exaggerate her mothers social status or wealth, her grandfather was knighted and left his 3 children a couple of million in assets, hardly upper class, her grandfather was newly rich middle class, i have been around rich folks, my family lives in Chelsea, and own houses around London, if we were Upper class, i wouldn't have to work