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A family earning between 30 000 and 50 000 was considered lower middle class.
Upper middle lower class income. For lower income households it was 25 624. With the emergence of a two tier labor market the economic benefits and life chances of upper middle class professionals have grown considerably compared to those of the lower middle class. The median income of middle class households was 78 442 in 2016. For lower income households it was 25 624.
That same three person family with an income between 0 and 30 000 per year was considered poor or near poor. The lower class usually earns the least the upper class earns the most and the middle class earns in the middle of the two. 70 indians belong to this class. The median income of upper class households was 187 872.
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. While for the middle class it was 78 442 and for the lower class it was 25 624 in. 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. Family of four earning between 50k and 4 5 lacs a year.
Car such as alto and keep it for 15 to 20 years. A family of 4 which can afford to rent a 1 bedroom house in low class areas of the city buy and maintain a two wheeler or entry level hatchback on loan. The median income of upper class households was 187 872 in 2016. The population is often divided into socio economic groups based on their household incomes.
The lower middle and upper classes are basically groups divided by income. Lower middle class. The lower middle class has lower educational attainment considerably less workplace autonomy and lower incomes than the upper middle class. The 2018 piece from pew reported that in 2016 the median income for the upper income class was 187 872.
These numbers are in 2016 dollars and scaled to reflect a three person household.
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