chapter 8

I do not believe that entertainers and athletes deserve salaries that are a thousand times more than the average salaries. Their jobs don’t really do much. They are going to get commercial deals and things like that and make money for years to come.

The upper-upper class includes the top 1%. They are almost always born into that class. Most upper class people fall into the upper-lower class category. They make their money rather than being born into it.

The middle class make up 40 to 45% of the population. The upper-middle class earns between 113k and 200k a year. Two thirds of upper-middle class children graduate from college. The average middle class earns between 49k and 113k. Fifty percent graduate college. The lower middle is referred to as the working class. The working class earns 28k to 49k a year. One third of working class children graduate college.

The lower class makes up 20% and makes less than 28k a year. Half complete high school and only a quarter reach college.