9.3C: The Upper Middle Class (2024)

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    The upper-middle class refers to people within the middle class that have high educational attainment, high salaries, and high status jobs.

    Learning Objectives

    • Identify the central characteristics of the upper-middle class in the U.S.

    Key Points

    • Members of the upper-middle class have substantially less wealth and prestige than the upper class, but a higher standard of living than the lower-middle class or working class.
    • The U.S. upper-middle class consists mostly of white-collar professionals who have a high degree of autonomy in their work. The most common professions of the upper-middle class tend to center on conceptualizing, consulting, and instruction.
    • In addition to having autonomy in their work, above-average incomes, and advanced educations, the upper middle class also tends to be powerful; members are influential in setting trends and shaping public opinion.

    Key Terms

    • educational attainment: Educational attainment is a term commonly used by statisticians to refer to the highest degree of education an individual has completed.
    • salaried professionals: White-collar employees whose work is largely self-directed and is compensated with an annual salary, rather than an hourly wage.

    Sociologists use the term “upper-middle class” to refer to the social group consisting of higher-status members of the middle class. This is in contrast to the term “lower-middle class,” which is used for the group at the opposite end of the middle class stratum, and to the broader term “middle class. ” There is considerable debate as to how to define the upper-middle class. According to the rubric laid out by sociologist Max Weber, the upper-middle class consists of well-educated professionals with graduate degrees and comfortable incomes.

    In 1951, sociologist C. Wright Mills conducted one of first major studies of the middle class in America. According to his definition, the middle class consists of an upper-middle class, made up of professionals distinguished by exceptionally high educational attainment and high economic security; and a lower-middle class, consisting of semi-professionals. While the groups overlap, differences between those at the center of both groups are considerable.

    Among modern sociologists, the American upper-middle class is defined using income, education, and occupation as primary indicators. There is some debate over what exactly the term “upper-middle class” means, but in academic models, the term generally applies to highly educated, salaried professionals whose work is largely self-directed. The U.S. upper-middle class consists mostly of white-collar professionals who have a high degree of autonomy in their work. The most common professions of the upper-middle class tend to center on conceptualizing, consulting, and instruction. They include such occupations as lawyer, physician, dentist, engineer, professor, architect, civil service executive, and civilian contractor. Many members of the upper-middle class have graduate degrees, such as law, business, or medical degrees, which are often required for professional occupations. Educational attainment is a distinguishing feature of the upper-middle class. Additionally, household incomes in the upper-middle class commonly exceed $100,000, with some smaller one-income earners earning incomes in the high 5-figure range.

    In addition to autonomy in their work, above-average incomes, and advanced educations, the upper middle class also tends to be powerful; members are influential in setting trends and shaping public opinion. Moreover, members of the upper-middle class are generally more economically secure than their lower-middle class counterparts. Holding advanced degrees and high status in corporations and institutions tends to insulate the upper-middle class from economic downturns. Members of this class are likely to be in the top income quintile, or the top 20% of the economic hierarchy.

    9.3C: The Upper Middle Class (1)
    9.3C: The Upper Middle Class (2024)

    FAQs

    9.3C: The Upper Middle Class? ›

    The upper-middle class refers to people within the middle class that have high educational

    educational
    An academic discipline or field of study is a branch of knowledge, taught and researched as part of higher education. A scholar's discipline is commonly defined by the university faculties and learned societies to which they belong and the academic journals in which they publish research.
    https://en.wikipedia.org › Outline_of_academic_disciplines
    attainment, high salaries, and high status jobs.

    What salary is considered upper middle class? ›

    Middle class: Those in the 40th to 60th percentile of household income, ranging from $55,001 to $89,744. Upper middle class: Households in the 60th to 80th percentile, with incomes between $89,745 and $149,131. Upper class: The top 20% of earners, with household incomes of $149,132 or more.

    What degree is upper middle class? ›

    Upper-middle-class people tend to hold bachelor's and postgraduate degrees. They've studied subjects such as business, management, law, or medicine. Comfort is a key concept for this group, as they work hard and live materially secure lives. Upper-middle-class people tend to pursue careers that earn higher incomes.

    What net worth is upper middle class? ›

    Upper-Middle Class (Next 20%): The median net worth is $201,800. This group often enjoys more discretionary income and benefits from long-term investments. Wealthy (Top 20%): The median net worth is $608,900. This group often represents older individuals who have accumulated significant savings and investments.

    What percentile is middle class? ›

    Middle class: The middle class is officially those whose earnings put them in the 40th to 60th percentile of household income. The income range is $55,001 to $89,744. Upper middle class: Anyone with earnings in the 60th to 80th percentile would be considered upper middle class.

    What is wealthy class income? ›

    Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.

    Is 200k salary upper middle class? ›

    The salary you need to be considered middle class in every U.S. state—it's close to $200,000 in 2 of them. In the U.S., whether you're considered middle class or not may depend on where you live. In some states, you can earn over $150,000 and still be considered middle class.

    How do you know if you are upper middle class? ›

    You Have Extra Money After Investments and Expenses

    People in the middle class often have disposable income. Those in the upper middle class have money left over even after maxing out their retirement account contributions and taking care of their other major investments and expenses.

    What net worth is considered rich? ›

    For example, individuals with $1 million in liquid assets are generally classified as having a high net worth. To be considered very high net worth, one might need assets ranging from $5 million to $10 million, while an ultra-high net worth status could require $30 million or more.

    What is upper middle grade? ›

    Middle Grade fiction can be broadly split into two terms: Upper and Lower. Upper Middle Grade fiction is normally for 9-12 year olds and usually has a higher word count and might touch on more mature themes.

    Does net worth include home? ›

    Household wealth or net worth is the value of assets owned by every member of the household minus their debt. The terms are used interchangeably in this report. Assets include owned homes, vehicles, financial accounts, retirement accounts, stocks, bonds and mutual funds, and more.

    What price is upper middle class? ›

    While the exact threshold fluctuates based on factors such as local cost of living and inflation, those in the upper middle class typically have an estimated household income of $150,000 to $250,000. This income level is much higher than what the average American makes.

    Are millionaires upper middle class? ›

    According to research from Ameriprise Financial, 91% of U.S. millionaires don't classify themselves as upper-class rich. The study also found that 60% and 31% of investors with $1 million or more surveyed consider themselves as “upper middle class” and “part of the middle class,” respectively.

    What is the cutoff for upper middle class? ›

    The upper middle class is often defined as the top 15% to 20% of earners. According to the Social Security Administration's 2022 wage data, the average upper-middle-class income was roughly between $80,000 and $100,000.

    What income is the upper middle class in 2024? ›

    Upper-middle-class household income range: $106,092 to $149,160.

    What salary is middle class? ›

    According to the study, a middle-class income averages between $52,000 and $155,000 in a large U.S. city. The median household income across all 345 cities is $77,345, making middle-class income limits fall between $51,558 and $154,590.

    Is 75k a year upper class? ›

    One commonly used definition from the Pew Research Center sets a middle-class income between two-thirds and twice the national median income, or $67,819 to $203,458 for a family of four in 2022. Most Americans consider the lower end of that range, $75,000 and $100,000, to be middle class, according to the Post poll.

    Is $150 000 middle class? ›

    However, new research from GOBankingRates shows that in some major U.S. cities, an annual income of $150,000 is only enough to qualify as “lower middle class.” This is especially pronounced in two Northern California cities and Arlington, Virginia.

    Is $100,000 a year considered middle class? ›

    Broadly speaking, you can count yourself as a member of America's middle class if your earnings fall within a specific $100,000 salary range.

    What income is considered middle class in 2024? ›

    What is the average middle class income? In 2024, a large U.S. city's middle-class income averages between $52,000 and $155,000, with the median household income across all 345 cities at $77,345, making middle-class income limits fall between $51,558 and $154,590, SmartAsset noted.

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