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.
Most middle-class families pay far less than this âaverage burden.â Suppose four families that each have incomes of $25,000 each pay $1,250 in income tax â fivepercent of their income â while one wea lthy family with $500,000 in income pays $125,000 inincome tax, or 25 percent of its income.ost middle-class families pay far less than this âaverage burden.â Suppose four families that each have incomes of $25,000 each pay $1,250 in income tax â fivepercent of their income â while one wea lthy family with $500,000 in income pays $125,000 inincome tax, or 25 percent of its income.