8 Cars the Upper Middle Class Can't Afford Anymore [Yahoo! Finance Canada]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance Canada
You may be surprised to learn that those in this class can no longer afford some of these vehicles. Discover More: 10 Cars That Outlast the Average Vehicle Check Out: 4 Genius Things All Wealthy People Do With Their Money Here's what you need to know. Also, see some of the new cars that are affordable for the upper middle class. What Is Upper Middle Class? According to the Social Security Administration's wage data, the average income for someone in the upper middle class is between $80,000 and $100,000 per year. These workers make up the top 15% to 20% of earners. ADVERTISEMENT Find More: 6 Car Brands With Reliable Used Cars How Much Can They Afford To Spend on a Car? Using round numbers, we'll assume a $100,000 annual salary for an upper-middle-class worker. The net monthly income for a $100,000 salary will vary depending on where you live because of state and local taxes. A good ballpark is that a $100,000 salary will net you about $6,000 a month after taxes. No
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- Toyota Supports Relief Efforts for Hurricane Helene and Other Recent Natural DisastersPR Newswire
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