I want to know what's the guideline used to class a person as a poor, middleclass, or rich person/
2007-10-03 00:36:37 · 9 answers · asked by Rahma A 2 in Politics & Government ➔ Other - Politics & Government
Its based off of income.
ex
You could have a 5 million dollar net worth, 500,000 dollar house on the lake, Mercedes, a maid, cook and 10 million in the bank and still be considered living in poverty.
2007-10-03 00:51:38 · answer #1 · answered by Augur B 3 · 0⤊ 0⤋
The reality of how it is determined is this. A census is taken creating a giant data base of Americans and sorted by income. Then, government bureaucrats draw an arbitrary line at the point where the people enter the highest tax bracket. That represents the rich. Then they go to the bottom of the list and again, arbitrarily, draw a line at a point where a certain percentage of people are below the line. This is the poverty line. Those under that line are considered poor. When too many rise above this line, the bureaucrats erase it and draw another higher up so that there are always the same percentage under the poverty line.
Everyone between these two lines is considered middle class. It really is as simple as that. Government programs that provide services to those below the poverty line never run out of people to service.
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2007-10-03 00:47:10 · answer #2 · answered by Jacob W 7 · 1⤊ 0⤋
The first link shows how the "poor" level is "calculated", so I'd guess any one above is "the middle class" but can't really seem to find what the government considers rich. Quite a few articles on how to become rich and articles on what people perceive to be rich but can't seem to find the elusive $$ that indicates an exact figure.
2007-10-03 01:18:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The rich employ the middleclass and the poor and are out of work.
2007-10-03 00:39:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
They use income guidlines like a family of 4 making under 30K ? is needy and ellgible for some federal help. If you can't show income you don't exist.
2007-10-03 00:42:05 · answer #5 · answered by bungee 6 · 0⤊ 0⤋
There are many measures. The Median Family Income is one such measure.
2007-10-03 01:11:05 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i know that middle class is those who can't afford things and don't qualify to receive any help!
2007-10-03 00:47:57 · answer #7 · answered by ? 4 · 0⤊ 0⤋
It is based on gross annul income.
2007-10-03 00:39:39 · answer #8 · answered by winterpixie_13 4 · 0⤊ 0⤋
why?
2007-10-03 00:38:56 · answer #9 · answered by f_blan 3 · 0⤊ 0⤋