The upper-class incomes were the only ones to rise over those 16 years. The 2018 piece from Pew reported that, in 2016, the median income for the upper class was $187,872. For the middle class, it was $78,442, and for the lower class, it was $25,624 (in 2016 dollars; figures reflect a three-person household).
What salary is considered elite?
And the minimum wage was a paltry $1.40. Meanwhile, the wealthy elite earned an average of $28,110 -- or $174,471 in 2015 dollars. Although the top 5 percent of households were earning just under $30,000 a year in 1968, minimum wage workers were earning $1.60 per hour -- a 20-cent increase from the year before.
What class is 120k a year?
Yes, a family making $120k is definitely middle class. 120k family means two people are making 60k before taxes. so after taxes they are looking at around 48k a year each. Add a kid on top of that or a student loan or two and you are no where near upper-middle class.
What percentage of people make over 100000?
Percentage distribution of household income in the U.S. in 2019Annual household income in U.S. dollarsPercentage of U.S. households75,000 to 99,99912.3%100,000 to 149,99915.5%150,000 to 199,9998.3%200,000 and over10.3%5 more rows•7 days ago