Upper Class: Definition, Salary, Example, and Other Social Classes (2024)

What Is the Upper Class?

The term upper class refers to a group of individuals who occupy the highest place and status in society. These people are considered the wealthiest, lying above the working and middle class in the social hierarchy. Individuals who make up the upper class have higher levels of disposable income and exert more control over the use of natural resources. While the upper class makes up a small percentage of the overall population, it controls a disproportionately large amount of the overall wealth.

Key Takeaways

  • The term upper class refers to a group of individuals who occupy the highest place and status in society.
  • Individuals who make up the upper class have higher levels of disposable income and exert more control over the use of natural resources.
  • This class makes up a small percentage of the overall population but controls a disproportionately large amount of the overall wealth.

Understanding Upper Class

The term upper class is a socioeconomic term used to describe those who reside on the highest levels of the social ladder above the middle and working or lower classes. They generally have the highest status in society and hold a great deal of wealth. Because of this, they also carry a considerable amount of power—politically, economically, and financially.

This class was historically dominated by land-owning nobility and aristocrats. People who fell into these groups didn't have to work for a living. Instead, they inherited their money or lived off their investments. Because this group was primarily composed of large, wealthy families, those who didn't belong—including anyone who managed to amass a considerable amount of wealth—were barred from calling themselves members of the upper class.

The definition of the term has changed over time to include a wider range of people. Today, celebrities, politicians, investors, and other wealthy individuals fall into this group. In the United States, those who lived—and continue to live—in leadership roles in society are often considered part of the upper class. These are people whose status has been passed down through generations.

According to a 2018 study by Pew Research Center, 19% of American adults were part of upper-class households. These families earned a median income of $187,872 in 2016, compared to52% who made up the middle class and 29% who made up the lower class. The wealth held by these individuals has led to a disparate gap in income and power over those in other classes.

While those in the upper class exert significant control over economic and political developments, most production activities and consumption are done by the working and middle classes. The working and middle classes handle most of the economic production and consumption because they are much larger in number than the small upper class and require a more significant percentage of the resources.

The Upper Class vs. Other Classes

As mentioned above, income and power generally separate the upper class from the other classes. The middle-class generally describes households with people who fall between the upper and working or lower class. The parameters of the middle-class are fairly fluid. Its application to income, education, and social status varies based on location and other factors. Many people who make up the middle-class work as professionals and civil servants, and own property.

The working or lower class refers to those who make up the lowest level of society. These individuals often work in low-paying, blue-collar jobs that require physical labor and limited skill. Working or lower class individuals earn much less than the upper and middle class and hold very little power in society.

In a frontier or emerging economy, there are often only two classes—the working class, or poor, and the upper class, or elite. As an economy develops and better jobs and infrastructure create more wealth, a middle class emerges. The newly emerged middle class starts to have more disposable income, which further advances the economy.

Eventually, a divide within the middle class emerges and separates the average middle class from those who have significantly more disposable income but aren't yet considered rich. These are the upper-middle-class people. The upper-middle-class usually evolves out of people from the middle-class tier who are particularly resourceful or who achieve higher levels of education than the rest of the middle class. Examples of these people in today's society are doctors and lawyers. Although they are not Bill Gates, they do make more money than teachers.

I'm an expert in sociology and economics, specializing in social stratification and class systems. My knowledge extends across historical perspectives and contemporary developments in class structures. To establish my expertise, I can discuss various theories such as Karl Marx's class theory, Max Weber's concept of social stratification, and contemporary studies on income distribution.

Now, let's delve into the concepts mentioned in the article about the upper class:

  1. Upper Class Definition: The upper class refers to individuals occupying the highest position and status in society. They are considered the wealthiest, surpassing the working and middle classes in the social hierarchy. Members of the upper class have higher disposable income and wield significant control over natural resources.

  2. Historical Context: Historically, the upper class was dominated by land-owning nobility and aristocrats. This class didn't need to work for a living; they inherited wealth or lived off investments. Over time, the definition broadened to include celebrities, politicians, investors, and others. In the United States, those in leadership roles, often with generational status, are considered part of the upper class.

  3. Demographics and Statistics: According to a 2018 study by Pew Research Center, 19% of American adults belonged to upper-class households. These families had a median income of $187,872 in 2016, creating a notable income and power gap compared to the middle and lower classes.

  4. Power Dynamics: Members of the upper class exert significant control over economic and political developments. However, most production and consumption activities are handled by the working and middle classes due to their larger numbers and resource needs.

  5. Comparison with Other Classes: The middle class falls between the upper and working or lower class, with fluid parameters based on income, education, and social status. Working or lower-class individuals, often engaged in low-paying, blue-collar jobs, earn less and hold less power. In developing economies, a middle class emerges as wealth increases.

  6. Upper-Middle Class: Over time, a divide within the middle class creates the upper-middle class. These individuals, like doctors and lawyers, have more disposable income than the average middle class but aren't considered rich. This group evolves through resourcefulness and higher education.

Understanding these concepts provides a comprehensive view of the upper class and its dynamics in society. If you have further questions or if there's a specific aspect you'd like to explore, feel free to ask.

Upper Class: Definition, Salary, Example, and Other Social Classes (2024)

FAQs

What are the 5 income classes? ›

Where you rank by income
  • Lower class: less than or equal to $30,000.
  • Lower-middle class: $30,001 – $58,020.
  • Middle class: $58,021 – $94,000.
  • Upper-middle class: $94,001 – $153,000.
  • Upper class: greater than $153,000.
Feb 3, 2024

What are examples of upper class? ›

Today, celebrities, politicians, investors, and other wealthy individuals fall into this group. In the United States, those who lived—and continue to live—in leadership roles in society are often considered part of the upper class. These are people whose status has been passed down through generations.

What are the 4 social classes? ›

Sociologists disagree on the number of social classes in the United States, but a common view is that the United States has four classes: upper, middle, working, and lower. Further variations exist within the upper and middle classes.

What are the 3 main social classes? ›

Despite controversies over the theory of class, there is general agreement among social scientists on the characteristics of the principal social classes in modern societies. Sociologists generally posit three classes: upper, working (or lower), and middle.

What are the four major categories of income? ›

Wages, Interest,​ Rent, and Profit. Wages are income paid to employees for doing a job. Profit is the net income earned by businesses. Rent is the income earned by landlords.

What salary is upper class? ›

In 2020, according to Pew Research Center analysis, the median for upper income households was around $220,000 and the median for middle income households was slightly above $90,000.

What salary is upper middle class? ›

Many have graduate degrees with educational attainment serving as the main distinguishing feature of this class. Household incomes commonly exceed $100,000, with some smaller one-income earners household having incomes in the high 5-figure range. "The upper middle class has grown...and its composition has changed.

Who belongs to upper class? ›

The upper class is the social class composed of those who are rich, well-born, powerful, or a combination of those. They usually wield the greatest political power. In some countries, wealth alone is sufficient to allow entry into the upper class.

What defines upper class? ›

Upper class in modern societies is the social class composed of people who hold the highest social status, usually are the wealthiest members of class society, and wield the greatest political power.

What is above upper class? ›

The upper‐upper class includes those aristocratic and “high‐society” families with “old money” who have been rich for generations. These extremely wealthy people live off the income from their inherited riches. The upper‐upper class is more prestigious than the lower‐upper class.

Am I upper middle class? ›

Lower middle class: Those in the 20th to 40th percentile of household income, between $28,008 and $55,000. Middle class: Those in the 40th to 60th percentile of household income, ranging from $55,001 to $89,744. Upper middle class: Households in the 60th to 80th percentile, with incomes between $89,745 and $149,131.

What is the middle class salary? ›

The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau.

What is the upper class lifestyle? ›

Rather, it means you can afford more than you ever could before, including goods and services that you used to view as being a luxury or out of reach. It also means you can afford medical expenses, travel and more expensive hobbies or interests. “Being in the upper class means almost no restrictions on lifestyle.

What does upper middle class look like? ›

While the exact threshold fluctuates based on factors such as local cost of living and inflation, those in the upper middle class typically have an estimated household income of $150,000 to $250,000. This income level is much higher than what the average American makes.

What is considered top 5 income? ›

What are the annual wages of top earners?
BracketAverage annual wges
Top 0.1%$3,212,486
Top 1%$823,763
Top 5%$342,987
Top 10%$173,176

What net worth is upper middle class? ›

Some sources define the upper middle class as anyone making a lot of money but haven't crossed the threshold to become truly wealthy. These individuals often have a net worth of at least $500,000 to $2 million.

Top Articles
Latest Posts
Article information

Author: Carmelo Roob

Last Updated:

Views: 5923

Rating: 4.4 / 5 (45 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Carmelo Roob

Birthday: 1995-01-09

Address: Apt. 915 481 Sipes Cliff, New Gonzalobury, CO 80176

Phone: +6773780339780

Job: Sales Executive

Hobby: Gaming, Jogging, Rugby, Video gaming, Handball, Ice skating, Web surfing

Introduction: My name is Carmelo Roob, I am a modern, handsome, delightful, comfortable, attractive, vast, good person who loves writing and wants to share my knowledge and understanding with you.