This is my post from another forum, but tweaked up a bit…
UPPER CLASS:
Typical Household Income ranges:
$200,000 and above (most places)
$275,000 and above (expensive regions)
Most Common Educational Attainments:
- Graduate Degree
- Bachelors Degree
Notes:
- Wealth usually passed down
- Extremely high job security
- Much more insulated from effects of recession than other groups
- Children attend top notch schools
- Children go off to top universities and/or expensive private schools
- Vacations extremely common
- Very literate in investments
- Old money doesn’t splurge on cars; new money oftentime does
UPPER MIDDLE CLASS:
Typical Household Income Ranges:
$90,000-$200,000 (most places)
$140,000-$275,000 (expensive regions)
Most Common Educational Attainments:
- Graduate Degree
- Bachelors Degree
Notes:
- Children attend good&top notch schools
- Vacations very common
- Family very familiar and active with investments
- High job security
- Skilled labor
MIDDLE-MIDDLE CLASS:
Typical Household Income Ranges:
$60,000-$90,000 (most places)
$85,000-$140,000 (expensive regions)
Most Common Educational Attainments:
- Bachelors Degree
- Some College/Associate Degree
Notes:
- Live fairly comfortable life
- Can live at least a year w/o working
- Children attend good or alright schools
- Vacations fairly common
- May have some investments other than real estate
- Decent job security
- Health insurance
LOWER MIDDLE CLASS:
Typical Household Income Ranges:
$40,000-$60,000 (most places)
$60,000-$85,000 (expensive regions)
Most Common Educational Attainments:
- Some College/Associate Degree
- High School Grad
Notes:
- Similar to working class but with more security
- Enjoys occasional luxuries but still occasionally struggles
- Vacations are rarely overseas
- Children usually attend “alright” schools
WORKING CLASS:
Typical Household Income Ranges:
$18,000-$40,000 (most places)
$30,000-$60,000 (expensive regions)
Most Common Educational Attainments:
- High School Grad
- High School Dropout
Notes:
- Workers do low-skilled, low wage and low-security work
- Single parent homes common
- Children attend lower performing schools
- Vacations very rare
- Very little savings
- Live paycheck to paycheck
LOW INCOME:
Typical Household Income Ranges:
Under $18,000/yr (most places)
Under $30,000/yr (expensive regions)
Most Common Educational Attainments:
- High School Dropout
- High School Grad
Notes:
- Children generally attend low-performing schools
- Prone to obesity/high fast food consumption
- Tend to be higher crime areas
- Single parent households extremely common
- No vacation
- No health insurance
- Prone to having children young
- Having no car is common
- Usage of govt programs common