Upper Class

AAA

DEFINITION of 'Upper Class'

A socioeconomic term used to describe individuals who reside above both the working class and middle class of a social hierarchy. Individuals in the upper class have higher levels of disposable income, greater say in the political realm and exert more control over the use of natural resources. While the upper class makes up a small percentage of the overall population, it controls a disproportionately large amount of the overall wealth.

INVESTOPEDIA EXPLAINS 'Upper Class'

From a historical perspective, the upper class was dominated by land-owning nobility and aristocrats. Over the years the term has expanded to include celebrities, politicians, investors and other wealthy people.


While those in the upper class ("the rich") do exert significant control over economic and political developments, most production activities and consumption is done by the working and middle classes.

RELATED TERMS
  1. Middle Class

    Individuals who fall between the working class and the upper ...
  2. Working Class

    A socioeconomic term used to describe persons in a social class ...
  3. Income Inequality

    The unequal distribution of household or individual income across ...
  4. Poverty Gap

    The average shortfall of the total population from the poverty ...
  5. Net Worth

    The amount by which assets exceed liabilities. Net worth is a ...
  6. The Wealth Effect

    The premise that when the value of stock portfolios rises due ...
RELATED FAQS
  1. Which states are the most expensive for high-income earners?

    The most expensive states for high-income earners are California, Hawaii and New York. The tax rates assessed by these states ... Read Full Answer >>
  2. What are the benefits of high net worth insurance?

    High-net-worth individuals (HWNI) face unique insurance challenges and tend to gravitate towards different insurance products. ... Read Full Answer >>
  3. What is the best app to track my residual income?

    The mobile marketplace is flooded with personal finance apps and tools for household management. Level Money and Personal ... Read Full Answer >>
  4. Is depreciation only used for tangible assets?

    Depreciating an asset involves claiming the expense on the business's taxes over the course of the life of the asset in an ... Read Full Answer >>
  5. What is the difference between tangible and intangible assets?

    Tangible Assets Tangible assets are physical assets such as land, vehicles, equipment, machinery, furniture, inventory, stock, ... Read Full Answer >>
  6. What are common factors that lower your net worth?

    Net worth can be calculated by examining your financial assets and subtracting your financial liabilities. After using this ... Read Full Answer >>
Related Articles
  1. Economics

    The Gini Index: Measuring Income Distribution

    A country with $100 billion in assets and four residents sounds good - unless three of them have $0.
  2. Options & Futures

    3 Simple Steps To Building Wealth

    Getting richer is easier if you take it one step at a time.
  3. Savings

    Retiring: Is $1 Million Enough?

    Find out why this magic number has lost some of its lustre as a retirement savings target.
  4. Options & Futures

    Reining In CEO Rewards

    Could bloated CEO compensation be to blame for the widening gap between the rich and the ultra-rich?
  5. Insurance

    Warren Buffett: The Road To Riches

    Find out how he went from selling soft drinks to buying up companies and making billions of dollars.
  6. Options & Futures

    10 Steps To Retire A Millionaire

    Making this dream come true takes work, but it's well worth the effort.
  7. Entrepreneurship

    The 10 Richest Women In Fashion

    The top 10 richest women in fashion have many similarities as well as differences. From nationality to career trajectory, these women have established themselves in their own unique ways.
  8. Taxes

    Top Tax Issues For High-Net-Worth Individuals

    Wealth brings benefits, but from a tax perspective it creates special challenges. Here are some tax issues to pay attention to.
  9. Entrepreneurship

    The 10 Richest Women In Tech & Media

    These 10 women are the wealthiest in tech and media.
  10. Entrepreneurship

    The 10 Richest Women In The United States

    We provide an overview of America's 10 richest women, the sources of their wealth, and their professional and philanthropic activities.

You May Also Like

Hot Definitions
  1. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  2. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
  3. Moving Average - MA

    A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random ...
  4. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  5. Productivity

    An economic measure of output per unit of input. Inputs include labor and capital, while output is typically measured in ...
  6. Variance

    The spread between numbers in a data set, measuring Variance is calculated by taking the differences between each number ...
Trading Center