Income Class Income Range Sub-Group

In the recently released Bermuda Job Market Employment Brief, Bermuda’s median annual gross income for 2014 was $63,897, an increase from the $60,668 that was reported in 2013. I, however, do not believe that this increase occurred because of a 5% rise in wages as purported recently by Nathan Kowalski, the co-chairman of the Chamber of Commerce’s Economics Committee. What is a more logical explanation for this increase is that it is probably primarily the result of a decline in jobs in the lower end of the middle class. This is highlighted in the fact that of the 802 jobs lost in 2014, 336 were clerical occupations and 218 were in construction. As jobs at the bottom fall the median income naturally shifts upwards. The significance of this shift is that as the median income rises, the level of persons that fall within the middle class income range decreases.

Middle Class Income Range

“People in and around downtown need an affordable store for it to be successful,” he said. “The realistic fact is that the 11,000 population here that are going to use this store are not in the upper-middle-class income range.”

The statewide middle-class income range is $53,264 to $68,300

The upper class income range varies depending on who you ask, but here we give you an overview. Impressions and definitions are two different things, and they can differ greatly when Americans are asked whether they are in the middle class income range.

fall into a middle to upper-middle class income range

The median income in the United States – with half the incomes being above and half the incomes being below – is $51,017, according to 2012 U.S. Census data. Former Secretary of Labor Robert Reich, now a professor of Public Policy at the University of California-Berkley, has offered that the middle class income range should be 50 percent higher and lower than the median, which would put the range between $25,000 and $76,500.

more suitable to determine a middle-class income range

A recent Brookings Institute study determined that the middle class income range starts at $41,000, and found that 66 percent of middle income households are living paycheck to paycheck, putting very little aside for savings or investment.While 369 million people in developing G-20 economies fall into this middle-class income range, it would translate to a monthly income of €241–1,200. In the EU-28, the average disposable income, i.e., after tax and cash transfers, which Milanovic and Yitzhaki do not seem to factor in, already amounts to €1,283 a month. Someone earning Milanovic and Yitzhaki’s proposed lower threshold of €300 in Europe clearly cannot be considered middle class. More conservative measures even apply a global threshold of US$2–10 per capita daily income to define the middle class.Running her numbers through CNN Money's "" tool, which looks at income by county, finds that the middle class income range for Santa Clara County, where Palo Alto is located, is $70$112,385. The marketplace sees polarising tendencies, with households at the lower-end of the middle class income range adapting to reduced budgets. At the other end of the spectrum is a wealthier, typically 65+, middle class segment with significant purchasing power. Value and “value for money” are key to attracting younger and those on reduced budget, while value-added products fit in with the needs of wealthier elderly consumers.