4 Classes Of Family: Poor vs Middle vs Rich Class Family
Classes Of Family Group
We have knowledge of different classes of families such as rich, middle, and poor based on their wealth and income. This information is relevant for all countries, but it mainly focuses on countries with strong currencies like India, China, Russia, Japan, and African countries.
Types Of Family Group
There are 4 types of a family group
- Poor/Low-Class Family
- Lower Middle-Class Family
- Upper Middle-Class Family
- Rich/High-Class Family
According to a survey, approximately 1.5% to 2% of people belong to a rich or high-class family, who are billionaires or millionaires, while the remaining 97.5% to 98% belong to poor, lower middle-class, and upper-middle-class families. The poor class mainly includes uneducated individuals, low-educated people, those living in poor environments, and rural/village residents.
Know About Your Family
Here’s a table to help you identify which family group you belong to:
| Poor/Low | Lower Middle | Upper Middle | Rich/High |
|---|---|---|---|
| *Annual Income- >$1.5K | *Annual Income- $1.5k – $5k | *Annual Income- $5k – $15k | *Annual Income- < $15+k more |
| *Mobile | *SmartPhone | *SmartPhone Every Member | *SmartPhone Every Member |
| *cycle | *Laptop | *Laptop | *Laptop Every Member |
| *Child Study | *Home Gadgets | *AC/cooler | *AC |
| Min 2 Bedroom | *Fridge, Fan/Cooler, TV | *Home Gadgets | *Home Gadgets |
| Two Wheeler | *Child Study | *Smart Speaker | *4 Wheeler Every Member |
| Laptop | Smart Speaker | *4 Wheeler | *Fridge, TV, Cooler, Whashing Machine |
| Min 2 Employed Person | Min 2 Member Employed | *Fidge, TV, Whashing Machine | *Servants |
| Home Gadgets | 2/3 Wheeler | *min 4 Bedroom | *Min 10 Bedroom |
| washing Machine | *Child Study | *Child Study In Expensive School | |
| Min 3 Bedroom | *Min 2 Member Employed | *Min 2 Member Employed | |
| Travelling Local | Businesses | *Business/Company/ Entrepreneur | |
| Travelling- National/International | *Net Worth $Million or $Billion | ||
| *Travelling ../International | |||
| Helicopter/Airplane |
- ‘*’ means mandatory and it can available.
Facts About Family
Approximately 1.5% to 2% of people on Earth belong to the rich/high class family.
- The majority of families on Earth are middle-class.
- The USA has 600 billionaires with a combined net worth of approximately $3.2 trillion as of 2020.
- There are approximately 20 million millionaires in the USA, representing 40% of the world’s total number of millionaires.
Most poor class and lower middle-class families are located in Africa and Asia due to the inability to afford higher education for their children.
According to a survey, people who speak English or can understand English tend to be the wealthiest.
The majority of poor class families are located in villages. Lack of education can lead to poverty. Many poor people are envious of the wealthy, which hinders their ability to achieve wealth.
Most laborers/workers belong to poor class families.
