This is actually an indication of how bad it really is.

Compared with someone who really is part of the elite, everyone who isn’t a millionaire is bottom of the ladder. You can own properties and go on global vacations and still be part of the poor class

If you would take the total estimation of combined US citizen owned money and redistributed evenly per household then every single US household would have over a million.

There is a common fear that socialism and redistribution of wealth implies you will end with less because most people believe they are better off then the majority and don't want to share, just think about how twisted the people that propaganda comes from must be if a theoretical million is perceived as losing.

I think there's a small middle class who could survive without working for a year or so, but wouldn't really be able to live well. Probably mostly just lower level tech workers and so on. Although if they moved to really poor areas in the US they could probably be classified as rich so YMMV I guess.