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You may be surprised to learn that those in this class can no longer afford some of these vehicles.
Heres what you’re gonna wanna know.
Also, see some of the new cars that are affordable for the upper middle class.
What Is Upper Middle Class?
These workers make up the top 15% to 20% of earners.
How Much Can They Afford To Spend on a Car?
Using round numbers, well assume a $100,000 annual salary for an upper-middle-class worker.
A good ballpark is that a $100,000 salary will net you about $6,000 a month after taxes.
Which Cars Are Unaffordable to This Class?
Also considerinsurance, gas, repairs and maintenance.
Your car may be your second-largest monthly expense after housing, so choose carefully.
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