Why So Many Rich People Don’t Feel Very Rich - NYTimes.com

The answer is simple: because any Americans who are richer than [Gibbs’ $172k/year] cohort are so much richer.

It is perhaps no wonder, then, that so many people who are statistically rich call themselves “upper middle” or even “middle class.” They are much, much richer than lots of poor people, but also much, much poorer than some very visibly rich people. From their perspective, they truly are in the middle. It’s the income version of China’s “Middle Kingdom” syndrome.