husband & i make together $84,000 a year. what amount of money is needed 2 be considered upper middle class?

Question

is there a site or a place i can find definitions of financial class in the united states? for example how much in terms of dollar amounts, equals lower middle class, middle class, or upper middle class

Answer 1

The Census Bureau has divided households by quintiles, which I conveniently label as poor, lower middle class, middle class, upper middle class, and wealthy.

So to be in the 4th quintile, according to the Census bureau chart, you would need to earn $91,705 in 2005, the latest year data is available for.

Of course, these are national averages. So if you lived an in expensive area, you'd probably be firmly middle class. If you live in a less expensive area, you'd make the jump to upper middle class.

Answer 2

Upper middle class is a sub-label sometimes applied by sociologists to the social group of wealthier or more priviledged members of the middle class. This is in contrast to the term lower middle class used for the group at the other end of the middle class scale. People whose net worth are between $250,000 and $500,000 are generally upper middle class

Answer 3

You're there - so stop bragging - most couples are barely getting by with a quarter of what you and husband earn


Addendum:

$250-500K Net Worth! That's above upper middle class by reality sake. Most middle class don't have half that net worth in today's economy

Joe 6 Pack - $36K and qualify for benefits! Yeah - in what part of the country. I see families here making $24K a year, 2 kids and they get turned down for everything.

Answer 4

Everything is relative. Most of the people I work with make more than that with just a single income. I'd consider upper middle class to be income of $250K and up, but who cares?!

Answer 5

According to those in congress that talk about repealing tax cuts for the rich, you are rich. Any numbers anyone gives are ARBITRARY. Lower, middle, and upper class are deliberately NOT well defined.

The median household income in the US is in the lower 40s.

Answer 6

It's not just money that determine a person's class status. Education, community involvement, occupation all factor into a class status.

It's generally defined as white collared professionals with above average income and above average education.

Their jobs involve a lot of self-sufficiency, little supervision (results matter not how it gets done), usually consulting or management positions.

Most upper middle class don't divulage income as it's assumed to be classless and in bad taste. Those that do choose to state income are generally not considered to be upper middle class.

Answer 7

Upper middle class would be below what your making. I would say your just below middle of middle class.
Middle class starts where the income is above that that qualifies for government handouts. Currently $36k if married with children can qualify for some kind of government welfare.

Slamzone, last I knew of 36k with children still earned you an earned income tax credit. That's government welfare.

Answer 8

Considered by who? Don't worry about others and take care of yourselves. There are plenty of people who make a lot less than you and plenty that make more. Who cares about a label? Are you living well? That's all I care about.

Answer 9

I'm single and I make more than that.

In Los Angeles, I am barely middle class!