Image via Wikipedia At one time in America, there was a generally accepted picture of what constituted a middle class family - two kids, owning a home, two cars in the driveway, access to material wants and money in savings. Today, that definition has become blurred because the times have changed and defining middle class has become "a squishy concept." Simply stated, it depends... According to the U.S. Census Bureau, in 2005 the middle class income range was $36,000 to $57,657. If the range is expanded to include the lower and upper-middle class, it expands dramatically on either end … [Read more...]
Building up the Middle Class
February 27, 2011 By Leave a Comment
Some people think that the middle class is nothing special. After all, throughout history the middle class has ebbed and surged like the tides on a beach, with a similar feeling of whimsical detachment. At times you are either rich or poor, and other times you might possibly be on that slippery professional incline known as the middle class. While the middle class's position may often be tenuous, no one can deny that they play a powerful role in American society. Not only are they major innovators, they are also some of the most dedicated consumers. Between these two things, the middle … [Read more...]
Middle Class Lifestyle And Aspirations
February 7, 2011 By Leave a Comment
Every society is divided into several categories based on socio economic status. Societies are broadly classified as lower class, middle class and the upper class. As the name signifies, lower classes have the least amount of income and have a meager lifestyle. Middle class individual earn moderately and live a decent life style with basic comforts. Top of the pyramid are the upper classes who live the life of opulence and extravaganza. Middle class individuals are educated and are called the working class or professionals. They are heavily impacted by increasing taxes, petrol prices and … [Read more...]