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According to experts, personal income level determines individual class level. Therefore, lower-middle class income range is between $35,000 and $60,000. The upper middle class income level is income exceeding $75,000.
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What is affordable housing?
Affordable housing usually refers to living quarters with housing costs that are considered "affordable" to those in the median income range. Ir is most commonly used to describe rental housing that is within the financial means of lower income individuals or families. Generally, affordable housing is considered to be at or under 30% of a household's gross income.
Are there leasers that offer rental rates for apartments based on income?
Independent leasers do not offer rental rates based on income. Your state, however, may have governmental agencies offering housing for people based on if your income falls in a certain poverty range. These agencies don't let you live wherever you want; they require you to live in a specific place or region of the city, often with higher crime.
What is a good debt to credit ratio?
If you are referring to applying for a mortgage loan the following are good guidelines: proposed monthly payment divided into gross monthly income should range around 32% or less; total monthly obligations (not utilities) plus proposed monthly mortgage payment divided into gross monthly income should range around 41% or less. Of course, there are always deviations to these ratios i.e. the borrowers assets and / or credit score ratings.
Benefit of mutual funds?
The benefits of mutual funds is that they help you to diversify your investments and reduce investment risk as they invest in a wide range of securities. You can either generate regular income or create wealth in the long term.
What is life annuities?
A life annuity is an investment which converts the lump sum of your RRSP's or non registered funds into an income for the rest of your life. When it comes time to consider buying a life annuity, you have a number of choices. Retirement Income Planning Most companies have a long history of providing a range of options to secure your income in retirement. You can select the most competitive ways to make the best use of your pension funds, whether registered or non registered. Factors That Influence Life Annuities Interest Rates - Life Annuities are influenced by interest rates and other market factors. Mortality - Your life expectancy and that of your spouse affects the life annuity income. The older you are the higher the income you will receive. Life Annuity Options - The options you choose from the start will affect your life annuity income. Choosing a longer guarantee period will reduce the amount of income. Gender - The starting income is higher for a man than a woman as, on average, women live longer. LIFE ANNUITY OPTIONS Single life annuity - Pays you an income for the rest of your life. Joint Life Annuity - Pays you an income for your lifetime. Upon death, your surviving partner will continue to receive an income at a level agreed upon. The level is a percentage of your income, normally 100%, rarely another figure. The partner's life annuity pension will continue for their lifetime. Level Income - Pays you a fixed income, which is agreed upon at issue. Increasing Income - Pays you a life annuity income that increases each year by a fixed percentage. Guarantee Period - Your life annuity income will continue to the beneficiary of your estate on your death if you die within the guarantee period. No Guarantee Period - Your life annuity income will cease on death unless a joint life plan, where the income will cease at the second death. Payment Frequency - Monthly or Annually
What income range is middle class?
35,000 to 70,000
What salary range is considered middle class?
For middle class, believe it or not, it's about $35K - $45K a year.
How many people are in middle class in the UK?
As of 2021, approximately 50-60% of the UK's population is considered to be part of the middle class. This includes various occupational groups and income brackets within the middle-income range.
What is the average yearly income of a middle class family in the US?
for one income families (in 2006) dollars, it's about $50K a year. for two incomes it's about $60K or so. the middle class is also considered in the $100K range in certain areas of the country. it's a large range.
Is Sarah palin middle class?
Sarah Palin's salary as governor of Alaska is reported to be $125,000 plus an additional $60,000 in reimbursable expenses. Her husband's salary has been reported as $93,000. This combined income is well above what the Census Bureau considers middle class. According to the Census' most recent data their middle class definition is: Median income for married households was just shy of $70,000 in 2006. The range of the middle 20 percent was approximately $57,000 to $83,000, and the range of the "Baucus middle class"—the middle 60 percent—was about $35,500 to $122,000. This $122,000 figure, then, represents the highest possible income that a married household could accurately call middle income, or "middle class." Hence, Sarah Palin may want us to think of her family as being middle class but her salary alone places her family into the upper class.
What is the range for lower middle and upper class?
between lower, middle and upper class
Pay range betwee Barack Obama and middle class America?
His income for 2007 was roughly $4.2 million. So I'd say roughly $4.1 million.
What is China's disposable income?
January, 2008: The annual per capita disposable income of farmers in Shanghai exceeded 10,000 yuan (about 1,369 U.S. dollars) for the first time last year, according to information released from an enlarged meeting of the leading groupof Shanghai City on rural work. Present estimates of "middle class" in China range from 100 million to 247 million, depending on how much income renders one "middle class." Assuming that an income of about$9000 is necessary to be considered middle class, China could have over 600 million middle class citizens by 2015. The China State Information Center, by contrast, considers those earning 50,000 yuan ($6,227) per year to be middle class - and expects 25% of the populace to qualify by 2010. Of course, the level of affluence commanded by each tier depends on where the household is situated. For example, to be considered middle class in Shanghai, China's most expensive city, a family would need to have a higher income than if it were living inland in Chengdu or Chongqing. Roughly 13.5 percent of the China's population now belongs to the middle class.
Why do most people in the United States today consider themselves to be part of the middle class?
Many Americans consider themselves to be part of the middle class because it carries a positive connotation and reflects a sense of stability, comfort, and opportunity. Additionally, the middle class is often seen as representing the majority of the population in the United States, encompassing a wide range of professions and income levels.
How much does a anime make?
The salary for animal caretakers range depending on where you are located and what your specific duties entail. Generally, the salary is firmly entrenched in the lower-middle/middle class level.
What is the income range of sierra Leone?
The income range varies 50 US cents at the highest and a chicken infested with caniverous termites is the lowest income
Who do interest groups most effectively serve?
. . . . their own narrowly focused interests and desires.
