Income bracket

An income bracket is a category of people whose income falls within defined upper and lower levels.^[1]^[2]

In governmental planning, entire populations are divided into income brackets. These brackets are used to categorize demographic data as well as determine levels of taxation and welfare benefits.^{[citation needed]}

References

[edit]

↑ Frankenfield, Jake (2019-11-20). "Which Income Class Are You?". Investopedia. Retrieved 2020-05-24.
↑ Routley, Nick (May 8, 2019). "How the Composition of Wealth Differs, from the Middle Class to the Top 1%". Visual Capitalist.

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