What Is Considered Rich Middle Class?
The definition of “rich” and “middle class” can vary depending on who you ask. Generally, people who are considered “rich” have a much higher income than the average person. On the other hand, those who are considered “middle class” have an income that is above the national median but not as high as those who are considered “rich.”
According to Pew Research, middle-income Americans are those whose annual household incomes are two-thirds to double the national median (adjusted for local cost of living and household size). This means that the middle-class income range is between $52,200 and $156,600. Those who make more than $156,600 are considered upper-income.
So, what is considered rich middle class? Generally, those who make more than $156,600 per year are considered rich middle class. This is because they make more than double the national median and have a higher income than the average person.
However, it is important to note that the definition of “rich” can vary depending on the area in which you live. For example, in some areas, a person who makes $200,000 per year may not be considered “rich” while in other areas, they may be considered “rich.” Therefore, it is important to consider the local cost of living and other factors when determining what is considered “rich.”
In conclusion, those who make more than $156,600 per year are generally considered “rich middle class.” However, it is important to note that the definition of “rich” can vary depending on the area in which you live. Therefore, it is important to consider the local cost of living and other factors when determining what is considered “rich.”