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What is considered middle class? Middle Class can vary by state and a range of incomes fall under middle class. Find out here if you are in the middle class. ... 4-person family middle-class ...
By the Census data, it means that if you earn between $50,000 and $150,000 a year, you are considered middle class. ... What Income Is Considered Middle Class in 2024? Show comments. Advertisement.
2-person family middle-class income range: $47,764.30 to $142,580 3-person family middle-class income range: $53,187.95 to $158,770 4-person family middle-class income range: $61,159.61 to $182,566
Income data indicate that the middle class, including the upper middle class, have seen far slower income growth than the top 1% since 1980. [ 40 ] [ 41 ] While its income increased as fast as that of the rich in the years following World War II , it has since experienced far slower income gains than the top.
Around 40% of British people consider themselves to be middle class, and this number has remained relatively stable over the last few decades. [19] According to the OECD, the middle class refers to households with income between 75% and 200% of the median national income. [20]
There is considerable debate as to how the upper middle class might be defined. According to Max Weber, the upper middle class consists of well-educated professionals with graduate degrees and comfortable incomes. The American upper middle class is defined using income, education, occupation and the associated values as main indicators. [2]
The upper middle class tends to have great influence over the course of society. [3] Occupations which require high educational attainment are usually well compensated and held in high public esteem. Physicians, lawyers, accountants, engineers, scientists and professors are largely considered to be upper middle class. [26]
What is considered middle class? Middle Class can vary by state and a range of incomes fall under middle class. Find out here if you are in the middle class.