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In developed nations around the world, the lower middle class is a subdivision of the greater middle class.Universally, the term refers to the group of middle class households or individuals who have not attained the status of the middle or upper middle class associated with the higher realms of the middle class, hence the name.
According to a 2021 Pew Research study that classifies adults as middle class if they belong to a household with income between 2/3 and 2x median household income ($52k-$156k for a household of three), the percentage of Americans in the middle class declined from 61% to 50% over the previous five decades (1971-2021) with 4% moving down into the ...
However, on a national scale, as of 2022, middle-income households had incomes ranging from $56,600 to $169,800. This means that lower-income households had incomes below $56,600, and upper class ...
Lower class, middle class, and upper class are all widely used, but rarely defined terms. For some people, lower class means living in poverty, upper class means a life of luxury, and middle class ...
The middle class refers to a class of people in the middle of a social ... The Economist 's article would put the size of the American middle class below the world ...
“You’re considered middle class if you work in a managerial or specialized position. You have a moderate income, comprehensive benefits, and a certain level of job stability,” said Nathan ...
The most prominent academic models split the middle class into two sections. Yet, it remains common for the term middle class to be applied for anyone in between either extreme of the socio-economic strata. The middle class is then often sub-divided into an upper-middle, middle-middle, and lower-middle class.
Middle class: $145,200. Upper-middle class: $269,100. Upper class: $805,400. Read more: Don't miss out: Jeff Bezos reveals the secret to prime real estate profits — say goodbye to landlord ...