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What IS the difference between the UPPER LOWER & LOWER MIDDLE CLASS, if any?
Can the lower middle class be deemed as a somewhat upscale lower class?
Business Insider had an article defining the "undefined economic anxiety of the middle class".
If you are in the middle class, 70% of your expenses go to housing, education, healthcare and food. All of those categories are going up at faster than the rate of inflation. And the official rate of inflation is 2% while rejecting the idea that people substitute cheaper stuff when prices go up, real inflation is 3%.
When you have flat wages accounting for 2% inflation and -1% per year with real values, while the biggest expenditures people pay has gone up faster than inflation accounts for the economic stress - the economic squeezebox.
If you are in the lower class, Business Insider said 90% of a poor person's income went to those categories. And those in the upper class spent less than 40% of their income on those categories.
So the dividing line would be how much of one's income goes to those four categories, and thus the stress their rise in prices causes.
by Grace Marguerite Williams24 months ago
What IS the difference, if any, between the upper middle class and the lower upper class?
by Grace Marguerite Williams3 years ago
For those who came from lower, working,& lower middle class socioeconomic backgrounds,did you advance from the lower classes? Do your siblings & relatives also advanced from the lower classes? If...
by Matty20143 years ago
What is the differences between working class and middle class
by rhamson8 years ago
Since the late 1990s, average incomes have declined 2.5% for families on the bottom fifth of the country's economic ladder, while incomes have increased 9.1% for families on the top fifth.The result is that the average...
by Dr Billy Kidd4 years ago
Has a middle-class person approached you asking for money recently? (middle class = judging by the type of clothing and not being unkempt) And were you asked for money in an unusual place, like a middle-class shopping...
by IDONO3 years ago
If the rich get richer, and the poor get poorer, how does the middle class shrink?Seems like more space is created and with population always increasing, seems like the middle class should expand, not shrink or...
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