What Is Income Of Upper Middle Class
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By that formulation the upper middle class might be the fourth highest income quintile the one above the middle but below the wealthiest.
What is income of upper middle class. For lower income households it was 25 624. Based on pew research center data for the 2017 fiscal year within the center s parameters an income range of 41 000 and 132 000 is considered to be middle class. These numbers are in 2016 dollars and scaled to reflect a three person household. But of course the relative strength of your income depends largely on where you live.
The upper middle class is different from the wealthy class. An income base of approximately 100 000 or greater is defined for the families in this class. Lower income households had incomes less than 48 500 and upper income households had incomes greater than 145 500 incomes in 2018 dollars. The upper middle class is estimated to account for about 15 percent of the population of the nation.
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. Those households range from 74 875 to 121 017 in income nationally. The rest of the country of course is made up of the lower class and upper class 29 of the country falls into the lower class with a median income of 25 624 as of 2016. In 2018 the national middle income range was about 48 500 to 145 500 annually for a household of three.
The 2018 piece from pew reported that in 2016 the median income for the upper income class was 187 872. While for the middle class it was 78 442 and for the lower class it was 25 624 in. 63 000 income is the roughly expected income for the individuals in this class. This would put the middle class in the 34 352 to 103 055 income range based on the census median income of 68 703.
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