Rich vs. Middle Class Income

This is a U.S. news story, published by Yahoo Finance, that relates primarily to Pew Research Center news.

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Business

Business & Economics

It’s not all about how much you earn in a month or year — it’s more about your net worth and the way you use the money you have

Summary

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76% Informative

You're in the middle class if you earn between two-thirds and double the median household income in the U.S. According to Pew Research Center , the median middle-class household income was $ 90,131 in 2020 .

The rich are more likely to go with things like luxury vehicles, higher-end vacations and other experiences because they can afford them without any issues.

You’re likely rich if you have a taxable investment portfolio.

You have business interests that generate enough passive income to sustain your lifestyle without needing an income.

You should have a retirement nest egg that, by the time you retire, will easily cover your family’s financial needs for the rest of your lives.

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informal

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English

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