what income level is the middle class?
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- The middle-class incomes have stayed neutral or have been declining while the wealthier classes have been getting richer. In fact, in 1988, the average American taxpayer was earning around $33,400. In 2008, that average had fallen to $33,000.
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American middle class The professional class, also called the upper middle class, consists mostly of highly educated white collar salaried professionals, whose work is largely self-directed. In 2005, these household incomes commonly exceed $100,000 per year.
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Here's how much you have to earn to be considered middle class The income it takes to be middle-income varies by household size, with smaller households requiring less to support the same lifestyle as larger households, Pew explains. Here's the breakdown of how much you have to earn each year to qualify as middle-income, depending on the size of your family: Household of one: $24,042 to $72,126. Household of two: $34,000 to $102,001. Household of three: $41,641 to $124,925.
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Middle class Middle class. The middle class is a class of people in the middle of a social hierarchy. In Weberian socio-economic terms, the middle class is the broad group of people in contemporary society who fall socio-economically between the working class and upper class. The common measures of what constitutes middle class vary significantly among cultures. A sizable and healthy middle-class can be viewed as a characteristic of a healthy society.
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- Taking into account the previous views, we. come to the more detailed and in-depth definition of. middle class. The middle class is a social group of the. people with the income more or less stable and. sufficient for the satisfaction of a wide range of material. and social requirements.
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What is Considered a Middle Class Income? It’s actually harder to define a middle class income that you might expect. Economic Percentile: Rather than just looking at arbitrary cutoffs, some economists consider middle class according to percentile. If you are in the top 20% of income earners, you are considered to have an upper class income, or be rich. Those whose incomes fall in the bottom 20% are considered poor. Everyone else (the middle 60%) is middle class.
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Definitions Of A Middle Class Income: Do You Consider Yourself Middle Class? Financial Samurai Definition Of Middle Class: If you make within +/- 50% of your city’s household income for your age, you are middle class. For example, the average household income in San Francisco is ~$80,000.inancial Samurai Definition Of Middle Class: If you make within +/- 50% of your city’s household income for your age, you are middle class. For example, the average household income in San Francisco is ~$80,000.
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The Shrinking American Middle Class The Shrinking American Middle Class. Share of households by income range. The middle class, if defined as households making between $35,000 and $100,000 a year, shrank in the final decades of the 20th century. For a welcome reason, though: More Americans moved up into what might be considered the upper middle class or the affluent.
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What Is Considered Middle Class in America? â Definition, Income Range & Jobs Lower-Middle Class. The article defines this group as “lower-level, white-collar workers”: office workers with lower income and little authority. It says most of them have college degrees, but not advanced degrees, and their income ranges from $32,500 to $60,000 ($33,670 to $62,150 in 2015 dollars). Upper-Middle Class.
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Are you in the middle class? As you’d expect, family incomes are much higher than those of unattached individuals. A middle-class family of two or more earns between $61,929 and $88,074 per year, while a free-and-easy single only needs to earn between $23,357 and $36,859 to be considered part of that social class.
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What it takes to be middle class in each state According to a report from the Pew Charitable Trust last month, the middle class (defined as those making between 67 percent and 200 percent of the state’s median income) has shrunk in each of the 50 states since 2000.
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Middle Class Salary - Average Middle Class Income Middle Class Average Income Range: $36,000 – $57,657. On a narrow view, a middle class family is said to have a mean average household income of $46,829 on a yearly basis. The numbers reflected on the 2010 Census showed that middle class average yearly income range from $36,000 – $57,657.
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What It Means to Be Middle Class Today Alternative Definitions of Middle-Class Income Robert Reich is a professor of Public Policy at the University of California-Berkeley and former Secretary of Labor. He has suggested the middle class be defined as households making 50 percent higher and lower than the median.
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- Next is the lower-middle class, which is primarily comprised of lower-level, white-collar workers. These workers typically have college educations, but lack the graduate degrees needed to advance to higher levels of employment. Income for these workers generally falls between $32,500 and $60,000.
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What It Means to Be Middle Class Today Robert Reich, a professor of Public Policy at the University of California-Berkeley and former Secretary of Labor, has suggested the middle class be defined as households making 50 percent higher and lower than the median, which would mean the average middle class annual income is $25,500 to $76,500.
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What is Considered a Middle Class Income? 1 Income Range: There are some economists who say that anyone who makes between $25,000 and $100,000 a year is middle class. That might be surprising to some, though.  Median Income: Others take a look at the median annual income, and then go $20,000 to either side.
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- 1 Those whose incomes fall in the bottom 20% are considered poor. Everyone else (the middle 60%) is middle class.  Income Range: There are some economists who say that anyone who makes between $25,000 and $100,000 a year is middle class.
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American middle class The lower middle class needs two income earners in order to sustain a comfortable standard of living, while many upper middle class households can maintain a similar standard of living with just one income earner.
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The Average Yearly Income for a Middle Class Family Middle Class Income for a Family. The annual average income for a middle class family of four is approximately $70, 354. This is based on a 2006 report by the U.S. Census for a family of four.
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What Is an Average Middle Class Salary Range? The U.S. Census Bureau breaks down the reported household incomes into quintiles (or five divisions). In 2007, the middle quintile reported an income range of $36,000 to $57,660. Many economists and politicians alike believe this range is too narrow to encompass the true middle class of America. Therefore, a more generous range would include the middle three quintiles, which makes the range from $19,178 to $91,705.
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By the Numbers: The Incredibly Shrinking American Middle Class The income range to be considered middle class:$25,500 – $76,500. The median middle class household income in 2012: $51,017. and in 1989: $51,681. Year inflation-adjusted median household income peaked at $56,080: 1999. Income needed in a two parent, two child home in St. Louis for an adequate living standard: $64,673. and in New York City: $94,676.
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The American Middle Class Is Losing Ground The income it takes to be middle income varies by household size, with smaller households requiring less to support the same lifestyle as larger households. For a three-person household, the middle-income range was about $42,000 to $126,000 annually in 2014.
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Middle class a matter of income, attitude Middle class a matter of income, attitude. CINCINNATI -- Strictly speaking, the median, or middle, household income in the United States today is $50,054. That's easy. The hard part is figuring out how far above or below the middle someone's income can go and still be considered middle class. 2008 Pew poll found that 40% of Americans with incomes below $20,000 – roughly equivalent to the poverty line – described themselves as middle class. And about one-third with incomes above $150,000 said they're middle class, too.
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Is the upper middle class really hoarding the American Dream? But the facts don’t fit the theory. Reeves defines the upper middle class as households with pretax income from $117,000 to $355,000, representing the richest 20 percent of Americans excluding the top 1 percent (whose status he considers a separate problem). It’s doubtful whether families at the bottom of this range feel rich.
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America's upper middle class is thriving The middle class may be feeling squeezed, but the upper middle class is enjoying good times. The upper middle class grew to 29.4% of the population in 2014, up from 12.9% in 1979, according to a new Urban Institute report. It defines this group as having household income of between $100,000 and $350,000 for a three-person family. The rich also expanded their ranks, to 1.8%, up from 0.1%.
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The Shrinking American Middle Class The Shrinking American Middle Class. The middle class, if defined as households making between $35,000 and $100,000 a year, shrank in the final decades of the 20th century. For a welcome reason, though: More Americans moved up into what might be considered the upper middle class or the affluent.