what is the middle class
http://dictionary.reference.com/browse/middle+class
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the class traditionally intermediate between the aristocratic class and the laboring class.
The middle class refers to a socioeconomic group between the lower and upper classes. It typically consists of individuals or households who have a moderate income, relative to the overall population, and a standard of living that allows them to afford basic necessities, such as housing, food, and education, as well as some discretionary spending.
To understand more about the middle class, you can gather information from various sources. Here's a suggested method:
1. Start with a general definition: Look up the definition of the middle class in trusted sources like dictionaries or encyclopedias. This will give you a broad understanding of the concept.
2. Study economic indicators: Explore economic indicators, such as income distribution and wealth disparity, to gain insight into the middle class. Statistical agencies, like government departments, may provide data and research on income levels, wealth accumulation, and the size of the middle class within a specific country or region.
3. Consider the cost of living: Understanding the cost of living in different areas can also help determine the income range that defines the middle class. Comparing prices for basic needs like housing, transportation, and healthcare across regions can provide some context.
4. Analyze household characteristics: Middle-class households often share certain characteristics, such as the ability to afford homeownership, higher education, and some discretionary spending. Demographic studies and market research reports may provide data on household earnings, education levels, and consumption patterns.
5. Read scholarly articles or books: Scholarly articles and books written by experts in economics, sociology, or political science can provide further analysis and insights into the middle class. Libraries or academic databases are good resources to find such literature.
By utilizing these steps, you can ensure a well-rounded understanding of the middle class and its socioeconomic implications.