And, the definition of well-off is a moving target. $150k a year now is the equivalent of $80k ish a year in 2000. That was a middle-class income then, but $100k+ now is seen as well-off by a lot of people.
It’s more well-off than many, but it isn’t what well-off used to mean. Outside of the super rich, everyone now gets fucked in their own way.