![]() They earn enough to live comfortably and enjoy most luxuries of life, and still have enough left over for savings, investments, and retirement funds. They can also be corporate employees in upper management. They are often working professionals, such as doctors, lawyers, engineer’s, etc. The upper middle class if often well educated, they have at least a Bachelor’s degree, if not a Masters or more. The upper middle class, in turn earns more than the lower middle class but less than the upper class. The lower middle class is a socioeconomic group between the lower class and the upper middle class, which means that the lower middle class group has a higher income than the lower class, but a lower income than the upper middle class. The hierarchy is as follows: lower class – lower middle class – upper middle class – upper class. The middle class is further divided into Lower Middle Class and Upper Middle Class. ![]() However, majority of the people fall into middle class. These groups are divided as: lower class, middle class, and upper class. ![]() The actual cut offs differ in every region and economy. The lower middle class is between the lower class and the upper middle class, which means that the lower middle class group has a higher income than the lower class, but a lower income than the upper middle class.įor economics and statistics, the population is often categorized into socio-economic groups based on their income. Key Difference: The middle class is a socioeconomic group that is further divided into Lower Middle Class and Upper Middle Class. ![]()
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