I think $12K is the threshold for poverty level. I'd estimate up to $35K is lower middle, $36 - $70K is middle middle, and > $70K is upper middle. Just my guesstimates ... not based on any concrete studies.
Yes, it's like in the UK, they quote some rate as the 'average' wage as about £21,000 ($38,000)
A modest LITTLE house in London will cost upwards of £250,000 ($465,000). To get a mortgage you'll need to put down about 10% then they'll allow you about 3 times your annual salary. So, you'd need to be earning at least $154,000 just to afford the most modest (lower-middle class) home.
get a life
Middle Class??? What's that. Hasn't the Middle Class gone the way of the Dinosaur
I concur with the last comment. Right now in America there is what is considered Walmart class, people who have low wage jobs and little marketable job skills, then their is the upper middle class professionals, then the super rich. The super rich are actually growing in number but is still only about 4% of the US population. Believe it or not about 60% of the US population is considered Walmart class. It is just the incomes of the super rich push the national income average much higher. Therefore, don't be mislead by politicians pushing economic reports covering national income averages.
Just thinking about this makes me wanna vomit.
i agree, its like in britain, the rich are getting richer and the poor are getting poorer
Middle Class implies a degree of comfort and stability. I don't care where one lives in the USA, $30,000 - $50,000 does not give a family of four that level of comfort and stability. In fact, I doubt one would even consider this the average range for a working-class couple these days. This figure is more like what the average working poor person might make. I'd say the average "middle-class" individual makes $50,000-$70,000 and the typical dual income "middle-class" family would be more like $70,000 - $100,000.
Remember the true definition of "middle-class" is a member of a socio-economic class that owns property, is college educated, and works in a profession. Too many Americans want to lump everybody into the middle class category. For instance, even though some blue collar jobs like electricians, plumbers, and locomtive engineers earn higher wages than many white collar and managerial jobs, they still are considered working class and not middle class. A person who does not toil for wages; rather, they work on salary or for fees and commissions is middle class. They also do not perform any manual labor in their jobs, they work more with their mind instead.
not just in britain in america its like that 2 rich gettin richer and poor getting poorer
Which measure of average, the mean or the median?