At this point, you also need to save $285 a month so that you have $25,000 in cash ready for your next car purchase at the fourteen year mark â seven years after this one. $23,940 of the savings will be cash and the rest will be interest â $1,104.64.
Families with household income above $100,000 per year are considered to be upper class in the United States. The top 5 percent are households that make more than $150,000... Families with household income above $100,000 per year are considered to be upper class in the United States. The top 5 percent are households that make more than $150,000 annually. Median household income in the United States is $50,054 per year, according to the U.S. Census Bureau in a report issued in 2012.
Middle Class vs. Upper Class. According to the economical and cultural conditions of people who live in a society the social strata is divided into various classes that are dependant on facts like relationship and ownership. The Middle and Upper class is such divisions in the society. Upper class indicates to people who are living a life of comfort and ease and have all the facilities in their life that makes them lead a happy life unlike the people from lower social strata. Apart from natural issues people of this class dominate on most of the things and people around them.