I made less than 40k I am very poor in case anyone rich feels pity.Do you fall in America's lower, middle, or upper class? Here's how your income stacks up in the US economic class system
And what it means for your ability to build wealth.www.yahoo.com
Do these seem valid? The limit for "Upper" seems really low.
Upper
Based on Pew’s analysis, a household of three needs an income of $156,600 to meet the definition of upper class, which amounts to more than double the national median.
Middle
Based on Pew’s calculator, middle class earners are actually those whos income falls between $52,200 and $156,600, or two-thirds to double the national median when adjusted for local cost of living and household size. In 2021, the median income was $70,784, according to Census Bureau data.
Lower
Based on Pew’s analysis, a three-person household would be considered low-income if they’re bringing in less than $52,200 a year. This group makes up a significant chunk of the U.S. population, with about 38% of households making less than $50,000 in 2021.
I don't know, cost of housing is ridiculous now days.
I've never made enough to be considered middle class.
I feel like the rule used to only spend 30% of your income on housing but mine is 50% because it's not a good balance for my income to home ratio so I rent.
Upper Middle class maybe.Do you fall in America's lower, middle, or upper class? Here's how your income stacks up in the US economic class system
And what it means for your ability to build wealth.
Do these seem valid? The limit for "Upper" seems really low.
Upper
Based on Pew’s analysis, a household of three needs an income of $156,600 to meet the definition of upper class, which amounts to more than double the national median.
Middle
Based on Pew’s calculator, middle class earners are actually those whos income falls between $52,200 and $156,600, or two-thirds to double the national median when adjusted for local cost of living and household size. In 2021, the median income was $70,784, according to Census Bureau data.
Lower
Based on Pew’s analysis, a three-person household would be considered low-income if they’re bringing in less than $52,200 a year. This group makes up a significant chunk of the U.S. population, with about 38% of households making less than $50,000 in 2021.
Do you fall in America's lower, middle, or upper class? Here's how your income stacks up in the US economic class system
And what it means for your ability to build wealth.
Do these seem valid? The limit for "Upper" seems really low.
Upper
Based on Pew’s analysis, a household of three needs an income of $156,600 to meet the definition of upper class, which amounts to more than double the national median.
Middle
Based on Pew’s calculator, middle class earners are actually those whos income falls between $52,200 and $156,600, or two-thirds to double the national median when adjusted for local cost of living and household size. In 2021, the median income was $70,784, according to Census Bureau data.
Lower
Based on Pew’s analysis, a three-person household would be considered low-income if they’re bringing in less than $52,200 a year. This group makes up a significant chunk of the U.S. population, with about 38% of households making less than $50,000 in 2021.
I found this interesting. Who was in power 2007-2016? Between 2007 and 2016, the median net worth of the top 20% increased 13% to $1.2 million. Meanwhile, the lowest earners saw their wealth decrease by at least 20% over that period of time.
depends on how many of the 3 are working.
