Upper Middle Class Income By Age

The survey found that 36 of lower income adults and 28 of middle income adults said they had lost a job or taken a pay cut due to the coronavirus outbreak compared with 22 of upper income adults.

Upper middle class income by age. World bank 2009. The upper middle class aka the mass affluent are loosely defined as individuals with a net worth or investable assets between 500 000 to 2 million. Hence lower middle class status starts at approx 6 lacs annual income before taxes and savings. In a 2018 report the pew research center found that upper income americans grew their income faster between 2010 and 2016 172 152 to 187 872 versus middle income americans 74 015 to 78 442 the report states the wealth gaps between upper income families and lower and middle income families in 2016 were at the highest levels recorded.

The american upper middle class is defined similarly using income education and occupation as the predominant indicators. Pew defines the middle class as households that have an annual pre tax income that is at least two thirds to double the national median that ranged from 48 500 to 145 500 in 2018. Those households range from 74 875 to 121 017 in income nationally. Pew research center defines middle class as those earning between 67 percent and 200 percent of the median income which works out to income between 39 560 and 118 080.

An annual inhand income of 4 8 lacs. In the united states the upper middle class is defined as consisting mostly of white collar professionals who not only have above average personal incomes and advanced educational degrees but also a higher degree of autonomy in their work. A family of 4 which can rent a. But of course the relative strength of.

They manage to save some money for retirement. The upper middle class 22 500 and 56 499 for the middle class and 13 500 to 22 449 for the lower middle class economic intelligence unit 2009. In a center survey conducted in april 2020 only 23 of lower income adults said they had rainy day funds that could last three months compared with 48 of middle income adults and 75 of upper. Some also define upper middle class as those who are college educated with incomes in the top 15 roughly 100 000 or greater for households or 63 000 or greater for individuals.