What is Middle Class: Income
There is no specific definition of what Middle Class is by name according to the U.S. Census Bureau or the Bureau of Labor Statistics. However, considering that middle class is above poverty, the nearest definition would be the 'median income'. Median Income “is the amount which divides the income distribution into two equal groups, ½ having income above median and ½ having income below the median”. The real median household income for all households in 2009 was $49,777, the Black Median Household income is $29,328 as of 2010. As of 2009, it was $32,584.
There are approximately 117 million households in America, 36% of households fall in the poverty range (Under $15 - $35K annual income), 43% of households are between $35K to $100K. 16% are between $100K and $200K and nearly 4% are above $200K annual income levels as of 2009. After 2009, the U.S. Census Bureau confirms that the upper open-ended interval for which to assist in calculating the median income is $250,000, being that is the considered upper class income.
So Middle Class could safely be considered above$35K and below $100K annual income levels, which is 43% of American Households. The Black alone households total 14.7 million. Of that, approximately 38.4% are in the middle class, with earnings between $35K – $100K annually.
U.S. Census Bureau: Income, Poverty, and Health Insurance Coverage in the United States: 2009, Current Population Reports, Consumer Income
Just for additional reading:
Affluent African American Communities exist and are spreading....
We aren't a mirror image of America just yet, but please believe strides are being made... I think we're doing pretty damn well for being slaves until 1865 and just being politically recognized equal as of 1968...
on Jun. 28, 2012 at 11:55 AM