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By that formulation the upper middle class might be the fourth highest income quintile the one above the middle but below the wealthiest.
Upper middle class income range. Or maybe 2 hatchback such as i10. Can think of buying a 2 bedroom apartment on loan in a average location in a city such as bangalore. Pew research center defines middle class as those earning between 67 percent and 200 percent of the median income which works out to income. The median income of upper class households was 187 872 in 2016.
The median income of upper class households was 187 872. But of course the relative strength of your income depends largely on where you live. These numbers are in 2016 dollars and scaled to reflect a three person household. Those households range from 74 875 to 121 017 in income nationally.
In addition to having autonomy in their work above average incomes and advanced educations the upper middle class also tends to be influential setting trends and largely shaping public opinion. The 2018 piece from pew reported that in 2016 the median income for the upper income class was 187 872. In 2018 the national middle income range was about 48 500 to 145 500 annually for a household of three. Lower income households had incomes less than 48 500 and upper income households had incomes greater than 145 500 215 people used view all course.
However the middle class is contracting not expanding. 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. For lower income households it was 25 624. In 2018 the national middle income range was about 48 500 to 145 500 annually for a household of three.
While for the middle class it was 78 442 and for the lower class it was 25 624 in. Lower income households had incomes less than 48 500 and upper income households had incomes greater than 145 500 incomes in 2018 dollars. Based on pew research using 2014 data households making between 31 000 to 42 000 were considered lower middle class while three person households making between 126 000 to 188 000 were.
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