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The upper middle class tends to have great influence over the course of society. [3] Occupations which require high educational attainment are usually well compensated and held in high public esteem. Physicians, lawyers, accountants, engineers, scientists and professors are largely considered to be upper middle class. [30]
Though the American middle class does not have a definitive definition, [1] contemporary social scientists have put forward several ostensibly congruent theories on it. Depending on the class model used, the middle class constitutes anywhere from 25% to 75% of households. One of the first major studies of the middle class in America was White ...
In 1980 the middle class earned 17% of total income in the United States. [291] [292] [293] However, by 2019 its share decreased to 14%, a drop of 3%. Another way to see this is that in 1980 the share of the middle class was the same as that of the top 5% but by 2019 the top 5% was 9 percentage points ahead of the middle class. [294] [295]
Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog. But the American middle class is shrinking.
The new offer would give members a 30% raise over the four-year life of the contract, including an immediate 12% raise, up from the 25% in overall raises and an immediate 11% raise that membership ...
In other words, "many people who have incomes greater than $1 million one year fall out of the category the next year—but that’s typically because their income fell from, say, 1.05 million to 0.95 million, not because they went back to being middle class." [45] [46]
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