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Social class; Income inequality. ... propose as many as a dozen class levels, ... household incomes varying from the high 5-figure range to commonly above $100,000. ...
According to the Census Bureau’s Income in the United States: 2022 report, the median household income is $74,580 (a 2.3% decline from 2021), while household income levels for each class level ...
Hollowing out of the middle class refers to its loss in income share beginning with Reaganomics. [288] [289] [290] The middle class is defined as the middle 20% of the income distribution, i.e. those between the 40th and 60th percentile. In 1980 the middle class earned 17% of total income in the United States.
Defining yourself as being within the American middle class can be tricky, as it depends on everything from where you live to how you live. Your social class in the U.S. includes many factors and ...
A social class or social stratum is a grouping of people into a set of hierarchical social categories, [1] the most common being the working class, middle class, and upper class. Membership of a social class can for example be dependent on education, wealth, occupation, income, and belonging to a particular subculture or social network. [2]
This is a relatively large range. What level of income actually counts as upper middle class, ... Upper-middle-class household income range: $106,092 to $149,160.
Median U.S. household income per County in 2021, showing the distribution of income geographically in the United States. While many Americans see income as the prime determinant of class, occupational status, educational attainment, and value systems are equally important. Income is in part determined by the scarcity of certain skill sets. [2]
The national median salary plays a significant role in determining what income qualifies as middle class. The latest figure available from the Social Security Administration, for 2022, shows that ...