"Middle-income" Meaning
Middle-income refers to a level of income that is neither extremely low nor extremely high, but rather falls within a moderate range, typically between 50% and 150% of the median income in a given country or region.
"Middle-income" Examples
Usage Examples:
Middle-income is a term that refers to a group of people or families who have a certain level of income that is above the poverty line but below the upper class. Here are five usage examples:
The company offers affordable housing options for middle-income families who struggle to find affordable homes in the city.
The majority of the population live in middle-income households, working as teachers, engineers, or shopkeepers.
The new tax policy is aimed at helping middle-income individuals, who are the backbone of the economy, by reducing their tax burden.
The charity organization provides financial assistance to middle-income families who are struggling to make ends meet due to unforeseen medical expenses.
In the United States, the concept of middle-income is widely used to classify households earning between $40,000 and $120,000 per year, roughly 60% of the population.
Note: These examples illustrate the terminology and usage of the phrase "middle-income" in a variety of contexts.