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. The Wealth Effect

    The premise that when the value of stock portfolios rises due ...
  6. Net Worth

    The amount by which assets exceed liabilities. Net worth is a ...
Related Articles
  1. The Gini Index: Measuring Income Distribution
    Economics

    The Gini Index: Measuring Income Distribution

  2. 3 Simple Steps To Building Wealth
    Options & Futures

    3 Simple Steps To Building Wealth

  3. Retiring: Is $1 Million Enough?
    Savings

    Retiring: Is $1 Million Enough?

  4. Reining In CEO Rewards
    Options & Futures

    Reining In CEO Rewards

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center