what is the income level for lower middle class
American middle class Taking into account the percentages provided in the six-class model by Gilbert, as well as the model of Thompson and Hickey, one can apply U.S.Â Census Bureau statistics regarding income. According to these class models the lower middle class is located roughly between the 52nd and 84th percentile of society. In terms of personal income distribution in 2005, that would mean gross annual personal incomes from about $32,500 to $60,000.[21]
Classic car Cars 20 years and older typically fall into the classic class.
Income inequality in the United States Most of the growth in income inequality has been between the middle class and top earners, with the disparity widening the further one goes up in the income distribution.[27] The bottom 50% earned 20% of the nation's pre-tax income in 1979; this fell steadily to 14% by 2007 and 13% by 2014. Income for the middle 40% group, a proxy for the middle class, fell from 45% in 1979 to 41% in both 2007 and 2014.[28]
The Millionaire Next Door This book is a compilation of research done by the two authors in the profiles of 'millionaires' (note the term 'millionaire' denotes U.S. households with net-worths exceeding one million dollars (USD)).