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In the United States, the upper middle class is defined as consisting of white-collar professionals who have above-average personal incomes, advanced educational degrees [2] and a high degree of autonomy in their work, leading to higher job satisfaction. [3] The main occupational tasks of upper middle class individuals tend to center on ...
Upper middle class might mean earning 15-50% above the median with a comfortable financial cushion, while the upper class generally refers to the top 1-3% earners with substantial wealth and ...
In absolute terms, affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of households having a net worth exceeding $250,000, as of 2019. [2] [3] However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of ...
The American upper class can be broken down into two groups: people of substantial means with a history of family wealth going back a century or more (called "old money") and families who have acquired their wealth more recently (e.g. fewer than 100 years), sometimes referred to as "Nouveau riche". [4] [5]
An Ameriprise Financial survey found that 60% of people with $1 million or more in investable assets consider themselves to be upper middle class, while only 8% say they’re wealthy. So, it’s ...
Here are the general economic boundaries for each class: Lower class: The bottom 20% of earners with household incomes not exceeding $28,007. Lower middle class: Those making between $28,008 and ...
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