According to sociologist William Thompson and Joseph Hickey, $35,000 to $75,000 is the income range for lower middle class and $100,000 or more is the income range for upper middle class. Middle class is roughly $75,000 to $100,000 per household. The average salary by education is listed as follows:
So why is this worth mentioning? It is important to gather information/data to better prepare ourselves for the future. It is apparent with more education, you should earn more money, which will put you into a higher socioeconomic class. This will allow you and your family greater opportunities to grow and succeed. If both you and your significant other only finished high school and are only earning a combined total of $70,000 ($35,000 x 2), then you are barely on the footsteps of middle class. If just you finished a professional degree, then you could be earning $90,000 and are in the higher range of middle class without any assistance from your significant other.
There are cost implications that school is expensive, but I would also say it is an investment in yourself. If you can pay your way through school, earn a bachelor’s degree, and you land a job with a good company, your company may further invest in you and help pay for your master’s degree. In my case, my employer paid 100% for my masters degree. The agreement was after I finished school, I would stay with my employer for at least 1 year. In addition to making more money with more education, you are becoming more valuable by learning more materials. Completing any degree will show others you are capable of completing something. This translates to results in the real world.
Information pulled from the following websites in 2017…