(NEXSTAR) – Perceptions of wealth can be quite subjective, as revealed by a recent survey involving 1,000 Americans.

A study conducted by GOBankingRates sought opinions from 1,000 individuals across various age groups to determine what salary level is deemed “upper class.” The survey uncovered notable differences in perspective between Generation Z, millennials, and baby boomers.

Baby boomers, who came into the world post-World War II up until 1964, predominantly believe a salary ranging from $100,001 to $250,000 qualifies as “upper class.” Among these individuals, who are mostly nearing retirement, 35% think earning six figures is sufficient, while 20% feel that only salaries exceeding $500,000 fit the “upper class” category.

Millennials, defined as those born between 1981 and 1996, have views that align closely with the boomers. Approximately 37% of them consider a household income of $100,001 to $250,000 as an indicator of upper-class status.

On the other hand, Generation Z, born from 1997 to 2012, and many just beginning their careers, have a more conservative view of wealth. Over a third of them believe that an income between $75,001 and $200,000 signifies an “upper class” standing.

GOBankingRates did not provide any survey results from Generation X, the generation between boomers and millennials.

What actually qualifies as upper class?

The median household income in the U.S. is around $83,730, according to the U.S. Census Bureau. But how people define “upper class” differs. Some say you’d need to be making twice the median income, or around $167,460.

Even more elite are those who find themselves in the top 5 percent of earners. In the U.S., you’d need to be making about $336,000 to find yourself in the top 5 percent, according to Census data.

What if you want to be in the top 1 percent of earners? One analysis found you’d need to top $731,000 annually.