Snippets.com - Short Answers






 

Question by  mariodeCastroGomes (20)

What annual income a year determines if you are in middle class?

I need to know what determines middle class in income.

 
+8

Answer by  johngiger (18)

Between 35,000 and 77,000 a year is the national average for a middle class family. In parts of the us this number can go up or down.

 
+6

Answer by  rtraf (21)

The middle class has in recent years been broken into upper middle class and lower middle class. This has created confusion with many people. The income range for middle class stretches from $32,000 to $100,000. The midpoint between upper and lower class is around $50,000.

 
+6

Answer by  tamkees (3203)

The government has no monetary definition of middle class, so the term is subjective. Most people seem to agree that you need to earn around $40,000 annually to maintain a middle-class life style, but many making less still consider themselves middle class while others say that they're barely middle class at $200,000 annually.

 
+6

Answer by  tamarawilhite (17883)

Middle class can be determined as in the median 50% of income or within two standard deviations of average income. For the United States, median income is 40,000 per household and 50% of the population is between 25K and 120K annual income.

 
+6

Answer by  ferfer72 (2623)

The average American income is $47,000. That would make American middle class anywhere from $40,000 to $75,000.

 
+5

Answer by  sdnco (264)

The median income in the United States is $46,000, so that amount is considered middle class. You are not upper middle class until you make $200,000 - $300,000.

 
+5

Answer by  maber (1427)

People who are in the middle class make the median amount on the poverty scale. You could take this year's poverty index and the middle bracket would be considered middle class.

 
You have 50 words left!