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Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. [2] [10] "The upper middle class has grown...and its composition has changed.
According to the OECD the average household net-adjusted disposable income per capita is $27,029 a year (in USD, ranked 14/36 OECD countries), the average household net financial wealth per capita is estimated at $60,778 (in USD, ranked 8/36), and the average net-adjusted disposable income of the top 20% of the population is an estimated ...
Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. GDP per capita is often considered an indicator of a country's standard of living ; [ 1 ] [ 2 ] however, this is inaccurate because GDP per capita is not a measure of personal ...
share of adult population Net worth per capita (PPP) Net worth per capita (exchange rates) Percent of world net worth (PPP) Percent of world net worth (exchange rates) Real GDP per capita (PPP) Real GDP per capita (exchange rates) Percent of world GDP (PPP) Percent of world GDP (exchange rates) Albania 0.05 60.44 10,504 3,155 0.02 0.01 3,658 1,099
Estimates for average household income and the size of India's middle-income households vary by source. Using World Bank's definition of middle-income families to be those with per capita income between $10 and $50 per day, [11] the National Council of Applied Economic Research [12] of India completed a survey and concluded there were 153 ...
Numbers of US dollar millionaires by world region per Credit Suisse (2022) [2] Rank Region Numbers (in thousands) Percentage of world total numbers As percentage of total adult population - World 62,489 100.0 1.1 1 Northern America: 26,778 41.9 9.5 2 Europe: 16,696 26.7 2.8 3 Asia-Pacific: 10,755 17.2 0.8 4 China: 6,190 9.9 0.6 5 Latin America ...
The first year of the Biden presidency (2021) saw strong growth in real GDP, wages, employment, stock market returns, and household net worth, coupled with an increase in inflation, as the economy recovered from the pandemic recession of 2020. During 2022–2023, the unemployment rate averaged 3.6%.
The most recent data from the Fed's Survey of Consumer Finances comes from the end of 2022. ... Net Worth of the 95th Percentile. 18-29. $415,700 ... the top 5% of households by net worth are ...