What income is considered wealthy in our society?
I am single pay terrible taxes 30K last year alone but consider myself middle class. What is considered wealthy, middle class and poor in today’s society?
By: James H
About the Author:
Filed under Economics by on Jan 2nd, 2010. 
Comments on What income is considered wealthy in our society?
Marketing Strategies
$250K, according to Obama
Marketing Strategies
According to the US Census Bureau the following are income Quin tiles (each is 20% of the population)
Bottom 20%:
$0 – 17,984
(3.4% of the income)
Lower Middle 20%:
$17,985 – 34,000
(8.7% of the income)
Middle 20%
$34,001 – 54,453
(14.8% of the income)
Upper Middle 20%
$54,454 – 86,867
(23.4% of the income)
Top 20%
$86,867 – No limit
(49.8% of the income)
Also interesting is the following statistic:
Top 5%
$154,120 – No limit
(21.4% of the income)
Of course, everyone in the US thinks that they are middle class.
I have also noticed that the two political parties define middle class Americans differently.
Republicans are referring to College educated, professionals of the middle and upper middle quin tiles.
Marketing Strategies
Twice as much as I make.
If you’re paying 30k in taxes you’re doing pretty well so stop complaining.