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People often wonder what lower, middle, and upper class really mean. Get a better understanding of these terms with the average net worth of each class.
Wealth is commonly measured in terms of net worth, which is the sum of all assets minus all liabilities. Homeownership can contribute to wealth, [56] but high-net worth individuals have their net worth primarily concentrated in illiquid assets such as bonds, real estate, and shares of corporations whose valuations are estimates. [57] [58]
The American upper class is a social group within the United States consisting of people who have the highest social rank, due to economic wealth, lineage, and typically educational attainment. [2] [3] The American upper class is estimated to be the richest 1% of the population.
The top 10% has much more -- an average net worth of $2.65 million. The upper-middle class has an average net worth of $300,800. The middle class has an average net worth of $169,420. The lower ...
The upper class possesses nearly 67 times the net worth of the lower class. Here's a breakdown: Lower class: $12,000. Lower-middle class: $61,260. Middle class: $145,200. Upper-middle class ...
Upper class in modern societies is the social class composed of people who hold the highest social status, usually are the wealthiest members of class society, and wield the greatest political power. [1] According to this view, the upper class is generally distinguished by immense wealth which is passed on from generation to generation. [2]
Old money is "the inherited wealth of established upper-class families (i.e. gentry, patriciate)" or "a person, family, or lineage possessing inherited wealth". [1] It is a social class of the rich who have been able to maintain their wealth over multiple generations, often referring to perceived members of the de facto aristocracy in societies that historically lack an officially established ...
In a 2022 Gallup poll, 38% of Americans identified themselves as “middle class,” 14% as “upper-middle class” and only 2% as “upper class.” Almost half of Americans as a whole believe ...