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According to the Center for Strategic and International Studies, by 2013, some 420 million people, or 31%, of the Chinese population qualified as middle class. [41] Based on the World Bank definition of middle class as those having with daily spending between $10 and $50 per day, nearly 40% of the Chinese population were considered middle class ...
The American Middle Class Is No Longer the World's Richest. The New York Times. April 22, 2014. Middle Class Shrinks Further as More Fall Out Instead of Climbing Up. The New York Times. January 25, 2015. Middle-Class Betrayal? Why Working Hard Is No Longer Enough in America. NBC News. Why the U.S. Could Soon Be the World's First Former Middle ...
In the first time period covered by the scholars, black colleges were attracting significant numbers of students from professional, middle-class black families. [These people] are now the students who are cherry-picked by highly selective, prestigious institutions that weren't looking for them in the 1970s", said Michael L. Lomax, president of ...
According to CNBC, the current national median household income in 2023 was $80,610, and the middle class is commonly defined as earning between two-thirds and double the household median income.
In modern Western societies, stratification is often broadly classified into three major divisions of social class: upper class, middle class, and lower class. Each of these classes can be further subdivided into smaller classes (e.g. "upper middle"). [5] Social strata may also be delineated on the basis of kinship ties or caste relations.
Read Next: 6 Subtly Genius Moves All Wealthy People Make With Their Money. ... One of the primary benchmarks of the upper middle class is achieving financial independence or early retirement, so ...
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.
On an average middle-class income, many workers struggle to fund a retirement plan to begin with, let alone save a higher percentage of their salary than the typical worker.