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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 ...
Being middle class has traditionally been associated with a cushy lifestyle -- one where you're not living month to month and can afford to take annual family vacations. But the definition of what ...
The licentiousness so characteristic of the upper class of the late 18th and early 19th centuries dissipated. The home became a refuge from the harsh world; middle-class wives sheltered their husbands from the tedium of domestic affairs. The number of children shrank, allowing much more attention to be paid to each child.
Across the U.S., you now need to earn a lot more to be considered "middle class" than you did just a decade ago. In 2012, a household income of $35,364 qualified you as a member of the middle ...
For example, in the ’70s, about 60% of Americans qualified as middle class. Currently, any household making between $50,000 and $150,000 a year is considered middle class. Lower class would be ...
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.
The middle class contains about half of America, according to the Pew Research Center -- 50%, to be exact. Another 21% fall into the upper class and 29% are in the lower class. But what level of...