Can You Compete? (Africana Economic Standards)

Hi, everyone,
Here are a few basic assumptions about our financial pursuits of happiness. Your questions and comments are welcome.

INCOME (2008 estimates; household, annual)
—–

under $60k … poor
$61k-$125k … working class
$126k-$320k … middle class
$321 and over … wealthy

NET WORTH [Assets minus liabilities] (2008 estimates; individual)
—–

under $12k … poor
$13k-$260k … working class
$261k-$500k … middle class
$501k and over … wealthy

:note:
the wealthy category can also be subdivided here. In the interest of providing goals, here is my sense of wealth stratification at the top. These figures are also based on 2008 data for individual property owners.

$501k-$2m … marginal
$2m-$10m … new wealth
$11m-$50m … established
$51m-$100m … global investor
over $101m … citizen

—–
Yale University, 2006. 

Yale University, 2006.

Author: waltergreason1

Public Figure.

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