Since 1993, the creators of The Motley Fool have been educating the masses on finance. The strength of the American middle class is a common point of... Banking & Finance. As steep declines in revenue hit, spending cuts will burden the urban poor rather than the bureaucrats. So a married couple making $36,902 per year has officially broken into the middle class. I have hundreds, nay, thousands of reasons why high schools (and elementary/middle schools) should teach finance, but to simplify let's focus on one single number: $1.56 trillion. "I can say the budget will take care of the middle class." But thanks to inflation, it has gotten a lot more expensive if you want to have children. Do Investors Think Fannie Mae, Freddie Mac Can Be Privatized Before Trump's Term Ends? The accelerating outflow of middle class and upper class residents will no doubt tarnish that. The government ranks more than 300 million of India's population of 1.35 billion among middle-class consumers. The middle class is generally made up of people who fit some combination of the three. Leveraged Finance (also known as LevFin) is an area within the investment banking division of a bank that is responsible for providing advice and loans to private equity firms and corporations for leveraged buyouts. (This is not to say, for instance, that every 45-year-old black college grad is middle class.) A middle-class lifestyle is a reasonable ask. Forbes also reports on related subjects such as technology, communications, science, and law. Paul Ausick. 1. • Four person household: $52,187 and $156,561 • Five person household: $58,347 and $175,041. Mountain View, California, United States About Blog From the basics of finance management to creative frugal lifestyle choices, Mint's experts explore how to live a full life frugally. 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