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One definition of middle class income is making in the middle one-fifth of the nation's income ladder. Another definition is making less than the top 20 percent of the country and more than the bottom 20 percent of the c... More »

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According to a survey of Americans conducted by the Pew Research Center in 2012, the median annual salary for a typical middle class family was identified as $70,000. However, there is no universal definition of a "middl... More »

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Based on U.S. Census data collated for 2012, Robert Reich has defined being middle class as earning around $25,500 to $76,500 in income, according to U.S. News and World Report. Reich was the Secretary of Labor from 1993... More »

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A sovereign nation is one that is independent and has supreme authority or power over itself. The United States is a sovereign nation, declaring itself to be so when, in the Declaration of Independence, the forefathers w... More »

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An annuity is a financial product that a person invests in and at a later date begins to receive income from. The amount of money an individual receives depends on what type of annuity is chosen. More »

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One definition of "economy" is the management of a nation's, state's or community's resources, especially in regard to money. A similar and somewhat intertwined definition is the prosperity of such a place. More »

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Social class was key in the development of 19th-century America due to the establishment of the middle class and prominence of the racial divide. Land was made available to all free men who would claim it, and the Civil ... More »

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