Around 31 percent of U.S. families were considered upper-middle class in 2024, according to an analysis from the public policy think tank American Enterprise Institute.
While the upper-middle class is often associated with more financial advantage than the middle class, it isn't always clear when you’ve moved into it. That’s especially true if it’s based on income, Jordan Gilberti, a certified financial planner and founder at Sage Wealth Group, told The Independent in an email.
