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So, what will the median income for the upper-middle class be in 2025?
Heres a look at the factors involved so you cansee if you fit into this category.
However, theres more to these numbers because location is such a major factor.
How Might the Definition of Upper-Middle Class Change Throughout 2025?
The expected annual inflation rate this year has risen to 2.6%.
Households will continue to face high inflation rates and rising costs of goods and services in 2025.
As a result, the range of income that defines the upper-middle class could shift upwards.
Caitlyn Moorheadcontributed to the reporting for this article.
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