But given different life situations and perceptions of wealth, there's a good chance not everyone who feels middle class actually is, and vice-versa. And statistically speaking, they could all be correct. For instance, the Chinese government defines incomes ranging from 7,250 to 62,500 (RMB 60,000 to 500,000) per year as middle class. Though the share of upper-middle and middle-class-identifying adults was larger - around 63% of adults in 2003 - before the Great Recession, it never fell below 50%, and still hasn't even through the brief, but sharp, recession caused by the Covid-19 pandemic.Īs of April 2022, 52% of adults consider themselves middle or upper-middle class. The poll does not define middle class for respondents, but simply asks if they identify as upper, upper-middle, middle, working or lower class. adult population has consistently identified as middle or upper-middle class since 2002, according to Gallup polling. Three decades ago, the aggregate income of all middle-income households was four times that of upper-income households across the OECD on average today. Generally speaking, anyone who isn't living "paycheck-to-paycheck" but couldn't necessarily stop working tomorrow and be financially secure for the long-term might consider themselves middle class.Īt least half of the U.S. SMART Vocabulary: related words and phrases. There are other statistical-based definitions of middle class and an even broader list of more anecdotal definitions. a social group consisting of the people who have the highest social rank and who are usually rich: The upper classes usually send their children to expensive private schools. Remember, this is based on just one definition of middle class.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |