While there are no standard definitions of U.S. social classes, this report uses the following annual income thresholds for a family of three in 2014:
- Poor and near-poor: $0 to $30,000. Families in poverty and up to 150% of the poverty level; 19.8% of the population.
- Lower middle class: $30,000 to $50,000. Families 1.5 to 2.5 times above the poverty line, but below the median income; 17.1% of the population.
- Middle class: $50,000 to $100,000. Families in poverty and up to 150%2.5 to 5 times above the poverty level and includes the median income; 32% of the population.
- Upper middle class: $100,000 to $350,000. Families earning six-figure incomes at least five times the poverty level; 29.4% of the population.
- Rich: $350,000 and higher; 1.8% of the population.