Income Info

[Annoynymous]

Hey guys, i want to know some info about incone in the western countries. If you are from western country, can you tell me how much money a middle class person earns per year? 

[LfcCharlie4]

In the UK, I guess middle class these days is supposedly anything below 79k a year (household income) and the UK average is like 25k I think, so somewhere in between there, although this varies place to place of course. 

The most recent study was in 2011 and 47,000 household income constituted Middle Class, but in 10 years a lot changes!

[Hello from Russia]

@LfcCharlie4 Is it in pounds or $usd?

[LfcCharlie4]

@Hello from Russia £ 

[Emerald]

On 3/8/2020 at 6:32 AM, Annoynymous said:

Hey guys, i want to know some info about incone in the western countries. If you are from western country, can you tell me how much money a middle class person earns per year? 

Someone who is in the middle class probably makes around $50,000 - $60,000  per year. But most people that I know probably make between $20,000 to $35,000 per year. I am from a working class area though. 

 

[Annoynymous]

@Emerald is there any difference between middle class and working class?

[Emerald]

16 hours ago, Annoynymous said:

@Emerald is there any difference between middle class and working class?

Yes. Working class are people who usually work in service industry or blue collar jobs, making $20k to $40k per year. Middle class are people who usually work white jobs like office workers, doctors, lawyers, etc. and make $40k to $75k per year.

 

 

[Annoynymous]

@Emerald i see. Is 20k per year sufficient enough to lead a healthy and decent life for one?

[Emerald]

42 minutes ago, Annoynymous said:

@Emerald i see. Is 20k per year sufficient enough to lead a healthy and decent life for one?

That would be pretty rough.

The average rent in my area is about $1200 per month. So, that's $14,400 per year.

And if you're only making $20k and you don't have roommates or a partner who works, then it will be a big challenge.