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24.3% of the population earned less than US$1 (PPP, around US$0.25 in nominal terms) a day in 2005, down from 42.1% in 1981. [8] [9] 41.6% of its population (540 million people approx.) is living below the new international poverty line of $1.25 (PPP) per day, down from 59.8% in 1981. [8]
These groups, as well as the World Bank, estimated in their 2011 reports that if India's economy continues to grow per projections, India's middle income group would double by 2015 over 2010 levels, and grow by an additional 500 million people by 2025. This would make it, with China, the world's largest middle income market. [17]
However, in 2016, the International Monetary Fund, in its regional economic outlook for Asia and the Pacific, said that India's Gini coefficient rose from 0.45 (1990) to 0.51 (2013). [19] According to the 2015 World Wealth Report, India had 198,000 high-net-worth individuals with a combined wealth of $785 billion. [20]
The median net worth is nearly double that of the middle class. Average net worth for the upper class. Median net worth: $793,120 to $2,649,000. Median income: $189,160 to $390,210. The top 20% of ...
The upper-middle class folks have an average net worth of around $300,800. Your typical middle-class family comes in at $169,420. And if you’re in the lower-middle class, you’re looking at ...
Considering the median Gen Z salary is around $60,000, this would make them the definition of middle class. Net Worth by Class. ... Upper-middle class (60% to 80% range): $159,301-$307,200.
In sociology, the upper middle class is the social group constituted by higher status members of the middle class. This is in contrast to the term lower middle class, which is used for the group at the opposite end of the middle-class stratum, and to the broader term middle class. There is considerable debate as to how the upper middle class ...
According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That's a 60% jump from the $66,400 median income in 1970. ... it's worth noting that upper-income ...