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A family of 4 which can buy and maintain a car in the c2 segment such as honda city.
Low middle upper class income levels. The middle class constitutes a slim majority of the u s. The rest of the country of course is made up of the lower class and upper class 29 of the country falls into the lower class with a median income of 25 624 as of 2016. Updated country income classifications are available here. High income 12 375 12 055.
The world bank assigns the world s economies to four income groups low lower middle upper middle and high income countries. The median income of upper class households was 187 872. The pew research center defines middle class or middle income households as those with incomes that are two thirds to double the 2016 u s. 2019 in this case.
Or maybe 2 hatchback such as i10. In 2018 the national middle income range was about 48 500 to 145 500 annually for a household of three. These income ranges vary with the cost of living in metropolitan areas and with household size. Can think of buying a 2 bedroom apartment on loan in a average location in a city such as bangalore.
Population 52 but that is still less than it has been in nearly half a century. For lower income households it. For a couple upper. For a single person upper class means an annual income of 72 126 or more but that amount will not enable that individual to buy a typical new york city or san francisco home.
The classifications are updated each year on july 1 and are based on gni per capita in current usd using the atlas method exchange rates of the previous year i e. The median income of upper class households was 187 872 in 2016. The share of income captured by the middle class has.
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