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by: Upper middle class
78% of Phi Delta Theta at the University of Indiana is in the upper middle class. The upper middle class is a socioeconomic group characterized by relatively high income, education, and professional or managerial occupations. It typically includes highly educated professionals (such as doctors, lawyers, engineers, and senior corporate executives) and business owners who are financially well-off but not considered part of the wealthiest elite.
Key characteristics of the upper middle class:
• Income: Earnings are significantly above the national median, often placing them in the top 15-20% of earners.
• Education: Generally hold advanced degrees (bachelor’s, master’s, or doctoral).
• Occupations: High-status professionals, managers, and business owners.
• Wealth & Assets: Own property, invest in stocks, and have substantial retirement savings, though they may not be independently wealthy.
• Lifestyle: Comfortable living standards, including homeownership in desirable areas, access to high-quality healthcare and education, and discretionary spending on travel and leisure.
While definitions vary, the upper middle class is often distinguished from the middle class by higher financial security and social capital, but it does not
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