What are the differences between the wealthy and the middle class?

[Suba]

In general, the middle class is caught up in the routine of work and consumption, while the wealthy tend to focus more on how money works and earns more for themselves. So, the difference between the wealthy and the middle class lies not only in their income and the amount of wealth they possess, but also in their mindset and habits when it comes to managing money, such as:

Prioritizing prestige over assets, such as owning a nice house, a nice car, brand-name clothing, the latest and most expensive cell phone, etc., which are actually just liabilities. While the wealthy prefer to buy rental properties as assets. Promotions in their positions or careers also enhance their lifestyle, leading to increased expenses. For the wealthy, purchasing luxury goods must come from investments, not from their primary income.

 

[eLdavis]

The wealthy mostly focus on building their assets and properties while the middle class rely on just their salary to survive

 

[Springtime]

Middle class usually have a good paid job or a small business. They can live a comfortable but not luxurious life. The wealthy focuses on buying assets and grow their wealth. Their lifestyle is also very different from the middle class.

 

[Stardom22]

Middle class kind of people focus on hand to mouth while the well off individuals focus on increasing their investments for maximization of profits.