What Country Has The Highest Middle Class?

What country has the fastest growing middle class?

Africa’sAs a result, Africa now has the fastest-growing middle class in the world.

Some 313 million people, 34% of Africa’s population, spend USD 2.20 a day, a 100% rise in less than 20 years, according to the African Development Bank..

Which country has the highest household income?

LuxembourgGross median household income by countryRankCountry/TerritoryGross household income in Int$ (PPP)1Luxembourg52,4932Norway51,4893Sweden50,5144Australia46,55526 more rows

Does China have middle class?

China’s middle class expanded substantially as its urban population grew from constituting 19 percent of its population in 1980 to reach 58 percent in 2017. In 2000, just four percent of China’s urban population was considered to be middle class, rising to over 30 percent in 2018.

What is top 10 percent income in US?

The top 5% of households, three quarters of whom had two income earners, had incomes of $166,200 (about 10 times the 2009 US minimum wage, for one income earner, and about 5 times the 2009 US minimum wage for two income earners) or higher, with the top 10% having incomes well in excess of $100,000.

What are the 5 social classes?

Gallup has, for a number of years, asked Americans to place themselves — without any guidance — into five social classes: upper, upper-middle, middle, working and lower. These five class labels are representative of the general approach used in popular language and by researchers.

Which country is poorest in the world?

Percent of population living on less than $1.90, $3.20 and $5.50 a dayCountry< $1.90ContinentChina0.5%AsiaColombia4.1%South AmericaComoros17.6%AfricaCongo, Democratic Republic of the76.6%Africa74 more rows

Who is richest country in the world?

Ranked: The Richest Countries in the WorldRankCountryPrivate Wealth in $USD (2018)#1United States$60.7 trillion#2China$23.6 trillion#3Japan$19.1 trillion#4United Kingdom$9.1 trillion6 more rows•May 24, 2019

Who is richer China or America?

The United States still has many more millionaires — 18.6 million, or 40% of the world’s total, versus 4.4 million in China. … The average American is also still much richer than their Chinese counterparts, with US wealth per adult at $432,365 compared with $58,544 in China.

What salary is upper middle class?

For high earners, a three-person family needed an income between $100,000 and $350,000 to be considered upper-middle class, Rose says. Those who earn more than $350,000 are rich.

Is America the most middle class?

However, because of the fuzziness of the definition, far more Americans consider themselves middle-class than technically qualify based on income. In reality, the middle class now makes up just over 50 percent of the total U.S. population, according to a recent report from Pew Research Center, which used 2016 data.

What percentage of the world is considered poor?

There has been marked progress on reducing poverty – the first of the world’s Sustainable Development Goals – over the past decades. According to the most recent estimates, in 2015, 10 percent of the world’s population or 734 million people lived on less than $1.90 a day.

What percentage of Americans make over 100k?

One half, 49.98%, of all income in the US was earned by households with an income over $100,000, the top twenty percent. Over one quarter, 28.5%, of all income was earned by the top 8%, those households earning more than $150,000 a year. The top 3.65%, with incomes over $200,000, earned 17.5%.