Per Wikipedia...upper middle class is a household in the USA making $100k or there-abouts.
I dont think $100k is *ENOUGH* income to support a boat note. $100k after taxes translates to about $5,647.00 a month in income after 6% 401k and 10% benefits withdrawls living in some sample state like Illinois
Someone making $100k a year probably lives in a $350k house and probably put between 3 and 20% down on a 30 year mortgage, so assuming 15%. That translates to about $2,000 a month in house note.
So now, income is down to $3600 a month. Assume 2 car payments of around $400 a piece and now you're down to $2800 a month. Food for a family of 4-5 is probably around $700. Utiliities probably $400. Insurance probably $200 a month. Of course gas costs money, probably $400 a month nowadays (1 tank a week, 2 cars). Not to mention, kids cost money...they want to wear clothes and get xbxes and all that stuff....poof, there goes another $600-$700 a month.
So...where's the money for a boat payment?
My point is that owning a boat is no longer the purview of the middle class...even the upper middle class has been priced out of boat ownership (even the smaller boats). A Catalina 250 is around $35k. Jumping up from there, A Catalina 309 is $110k now. *BIG* jump in price there...hence all the used boats.