Income Of Lower Middle Class
Population 52 but that is still less than it has been in nearly half a century.
Income of lower middle class. In 2018 the national middle income range was about 48 500 to 145 500 annually for a household of three. When divided into two parts the lower middle class also sometimes simply referred to as middle class consists of roughly one third of households roughly twice as large as the upper middle or managerial class common occupation fields are semi professionals such as lower level managers small business. Approximately 29 percent of americans fall into the lower class based on income. The median income of the middle class by by household size.
Lower income households had incomes less than 48 500 and upper income households had incomes greater than 145 500 incomes in 2018 dollars. Reviewed data on u s. The middle class constitutes a slim majority of the u s. Other definitions of middle class income.
Family income quintiles from the. The share of income captured by the middle class has. To determine the income it takes for a family to be considered middle class in every state using one of the wider definitions 24 7 wall st. Let s take it one step deeper and look at various household sizes.
In american society the middle class may be divided into two or three sub groups. Former secretary of labor robert reich suggests that the middle class should be defined as households making between 50 below and 50 above the median. The median income of the middle class as of 2016 was 78 442. The think tank defines the middle class as households that are earning two thirds to double the national median.