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The term upper class is applied to a wide array of elite groups existing in the United States of America. Because there is no defined lower threshold for the upper class it is difficult, if not outright impossible, to determine the exact number or percentage of American households that could be identified as being members of the upper-class(es).
This means that lower-income households had incomes below $56,600, and upper class households had incomes above $169,800. You may be curious to know where you stand in the context of upper, middle ...
Here are the general economic boundaries for each class: Lower class: The bottom 20% of earners with household incomes not exceeding $28,007. Lower middle class: Those making between $28,008 and ...
The middle class is a broad group of people, so it's separated into three categories: Lower middle class, middle class, and upper middle class. Here's the financial data for each one. Lower middle ...
While many in the lower working class are employed in service jobs, lack of participation in the labor force remains the main cause for the economic plight experienced by those in the lower classes. [1] In 2005, the majority of households (56%) in the bottom income quintile had no income earners while 65% of householders did not work. This ...
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.
Even if you’re squeaking into the upper class (the 80-90% range), you’re looking at about $793,000. Moving down to the middle class , things get a bit more varied.
Lower middle class (30%) Semi-professionals and craftsmen with a roughly average standard of living. Most have some college education and are white-collar. Lower middle class (32%) Semi-professionals and craftsmen with some work autonomy; household incomes commonly range from $35,000 to $75,000. Typically, some college education. Working class ...