What Is The Income Of Upper Middle Class In Us
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2 person family middle class income range.
What is the income of upper middle class in us. The share of income captured by the middle class has. Let s take it one step deeper and look at various household sizes. The median income of middle class households was 78 442 in 2016. For lower income households it was 25 624.
Those who earn more than 350 000 are rich. These numbers are in 2016 dollars and scaled to reflect a three person household. The median income of upper class households was 187 872 in 2016. That means an upper middle class salary in the tennessee might barely qualify for middle class in massachusetts.
The median income of the middle class by by household size. 57 772 76 to 172 456 4 person family middle class income range. The think tank defines the middle class as households that are earning two thirds to double the national median. Population 52 but that is still less than it has been in nearly half a century.
The american upper middle class is defined using income education occupation and the associated values as main indicators. 51 695 19 to 154 314 3 person family middle class income range. Middle class household income is between 46 013 and 137 406 annually using u s. Some loosely define the middle class through home ownership the median income of homeowners 73 313 is roughly 80 higher than the income of renters.
For lower income households it was 25 624. 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. The middle class constitutes a slim majority of the u s. The median income of the middle class as of 2016 was 78 442.
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. These numbers are in 2016 dollars and scaled to reflect a three person household. In the united states the upper middle class is defined as consisting of white collar professionals who have above average personal incomes advanced educational degrees 1 and a high degree of autonomy in their work leading to higher job satisfaction.
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