76% to 120% of the median household per capita income is considered a low- to middle-income group.
For example: you and your wife have a combined monthly income of 20,000 yuan. If you earn more than 7,500 yuan, you are in the middle-income group.
1. On January 7, the Department of Social Politics and Law of the Chinese Academy of Social Sciences and the National Governance Research Think Tank of the Chinese Academy of Social Sciences held a high-end forum on national governance in the new era and released the "Distribution of Middle-Income Groups and Expansion of Middle-income Groups" Strategic Choices report.
According to the above report, based on the total population, China has approximately 450 million people belonging to middle-income families. If the middle-income group, the upper-middle-income group and the high-income group are added together, approximately 600 million people belong to the middle-income and above categories.
2. In the "Financial Demand Report of China's Middle-Income Group" released by iResearch Consulting in 2017, the middle-income group is defined as a monthly income of 8,000 to 50,000 yuan.
Extended information
The latest standard line of China’s rich and poor (annual income) circulated on the Internet:
The super rich have more than 50 million
Super rich 10 million~50 million
Big rich 3 million~10 million
Rich people 500,000~3 million
High producers 300,000~500,000
p>The middle class has 150,000 to 300,000 people
The low-income people have 80,000 to 150,000 people
The poor have 30,000 to 80,000 people
Very poor people 10,000~30,000 yuan
5,000~10,000 yuan for very poor people
Less than 5,000 yuan for the poorest people
New white-collar standard: monthly salary of more than 20,000 yuan ;Have at least two bedrooms; have a mobility scooter worth at least 150,000 yuan
New gold standard: monthly salary of more than 50,000 yuan; have at least three bedrooms in the center of a first-tier city; have a mobility scooter worth 250,000 yuan.
Reference: Baidu Encyclopedia of China’s New Standard of Wealth and Poverty