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Ryan_Dacayanan

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What is Middle Class?

The Differences between United States and China

USA

Vs

China

Income

60,000 to 229,000 renminbi ($9,000 to $34,000) a year.

$25,00-$75,000 a Year

The United States middle class mostly consist of white collar jobs such as secretary positions, managing , sales supervisor, ITs,nursing, accounting, and etc.

Like the United States, China middle class also consist of white collar job , but also includes the doctors, lawyers, engineers, and regular factory workers.

USA

Housing- 33.9 percent, or $17,115 Transportation- 17 percent, or $8,583 Food- 12.8 percent, or $6,462 Personal insurance and pensions- 11.1 percent, or $5,604 Health care- 5.9 percent, or $2,979 Entertainment- 5.6 percent, or $2,827 Apparel and services- 3.6 percent, or $1,817 Cash contributions- 3.4 percent, or $1,717 Education- 2.1 percent, or $1,060 Miscellaneous- 1.7 percent, or $858 Personal care and services-1.2%, or $606 Alcoholic beverages- 0.9 percent, or $454 Tobacco products and smoking supplies- 0.6 percent, or $303 Reading- 0.2 percent, or $101

China

Aspiration

Middle class people in China are known to love luxury items such as imported cars and name brand clothing. Its a way to show off there status and in a way brag what they earned. Education is a big part of the hierarchy in China, they believe that the better the education you get the more income you will have .

USA

The middle class in the United States strive to live the American dream where they can own a house, car, live comfortable and send their children off to college.

Sources http://www.economist.com/blogs/economist-explains/2014/04/economist-explains-17 http://www.chinabusinessreview.com/understanding-chinas-middle-class/ http://money.cnn.com/infographic/economy/what-is-middle-class-anyway/ http://foreignpolicy.com/2014/04/25/chinas-new-class-hierarchy-a-guide/ http://www.npr.org/sections/money/2014/10/16/356176018/the-most-popular-jobs-for-the-rich-middle-class-and-poor