NEXSTAR) — Have you ever wondered how your income compares to those of your neighbors? A new analysis of data from Go Banking Rates shows how much you need to earn to be considered rich in the 50 U.S. UU. No one in the United States would publicly say that he is upper class unless he wants to be hit on the head. People deduce their class position from signs in their immediate environment, neighborhood, workplace, and social circles.
I don't think anyone in a coastal city would consider themselves upper class unless they hit six figures. The middle class has stabilized in size, but it is losing income share, mostly at the top 20% and especially the top 1%. It used to be, now airlines in the Middle East in particular have caught up and offer a better overall business class experience. I think it's definitely true that the rich are upper class, but not everyone in the upper class is rich.
However, what exactly is the middle class? Who is in it and who is not? Is it shrinking? What about you what kind of income do you belong to? It turns out that these questions are difficult to answer. In another article, Pew reported that wealth gaps between high-income families and middle- and low-income families were at the highest levels ever recorded. In addition, when we talk about the effects of class in the United States, we must take into account the higher 20% and 1%, because the behavior and choices of both groups seem to produce an increase in class inequality and immobility. Pew's previous report showed that, for the first time since at least the 1960s, most Americans did not belong to the middle class.
In an opinion piece for The New York Times, Sherman writes that this class “described themselves as 'normal people' who worked hard and spent wisely, distancing themselves from common stereotypes of the rich as ostentatious, selfish, snobbish and entitled. High-income families were likely to work in faster-growing, more profitable companies that paid higher salaries. The middle class has been declining in its share of the population and seeing its share of the income pie shrink. If you are in good shape, you may be considered upper class, since more than 60% of Americans are overweight.