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On March 31, 2018, the Financial Times reported that the export of the Philippines has continued its drastic drop for the fifth month in a row, [15] while the Philippine Statistics Authority reported that the trade deficit of the country has widened to 47.6%, endangering further the country's local economies.
Upper middle income 25.7 2021 25.73 2021 Madagascar: Eastern Africa: Low income 42.6 2012 42.65 2013 Maldives: Southern Asia: Upper middle income 29.3 2019 29.29 2020 Mexico: Central America: Upper middle income 43.5 2022 44.01 2022 40.0 2022 Marshall Islands: Micronesia: Upper middle income 35.5 2019 35.48 2020 North Macedonia
The upper middle class consists of those in the 60th to 80th percentile of household income. The median net worth is nearly double that of the middle class. Average net worth for the upper class
“Upper-middle class might mean earning 15-50% above the median with a comfortable financial cushion, while the upper class generally refers to the top 1-3% earners with substantial wealth and ...
However, on a national scale, as of 2022, middle-income households had incomes ranging from $56,600 to $169,800. This means that lower-income households had incomes below $56,600, and upper class ...
The American upper middle class is defined similarly using income, education, and occupation as the predominant indicators. [1] 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 [ 1 ] but also a higher ...
“In general, middle class refers to individuals or households who fall between the working class and upper class in terms of income and lifestyle,” said Matt Teifke, founder and CEO of Teifke ...
However, income tax also becomes a factor to income inequality because according to the Tax Management Association of the Philippines, Filipino workers pay the highest income tax in the entire Association of South-East Asian Nations (ASEAN) region. [69] An average Filipino worker is taxed 32% as long as he is earning more than the minimum wage.