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.
Upper Middle Class Represent scientific and technical knowledge â engineers, accountants, lawyers, architects, university faculty, managers and directors of public and private organizations. Have both high incomes and high social prestige. Well-educated. Difficult to define a âmiddle classâ (i.e. upper middle, middle middle and lower middle) probably the largest class group in the United States â because being middle class is more that just income, about lifestyles and resources, etc.