Here's how much you have to earn to be considered upper class

The median income of American households decreased significantly from 1999 to 2014 across the lower, middle and upper classes, according to Pew Research Center.

The research group found that, "nationwide, the median income of U.S. households in 2014 stood at 8% less than in 1999, a reminder that the economy has yet to fully recover from the effects of the Great Recession of 2007-2009."

Despite this drop in income, members of the upper class are still doing well for themselves.

Pew defines upper class as adults whose annual household income is more than double the national median ($55,775 in 2016), after incomes have been adjusted for household size. Smaller households require less to support the same lifestyle as larger households, Pew notes.

Of course, there's more to class than income — upper class can also be identified by net worth, education and occupation, for example — but household income can be a useful tool by which to group people.

Here's the breakdown of how much you have to earn each year to be considered upper income, depending on the size of your family:

Household of one: Minimum of $72,126

Household of two: Minimum of $102,001

Household of three: Minimum of $124,925

Household of four: Minimum of $144,251

Household of five: Minimum of $161,277

More from CNBC Make It:
Here's how much you have to earn to be considered middle class
Self-made millionaire: Follow this one simple formula to get rich
Is millionaire the new middle class?

Read Full Story

Can't get enough personal finance tips?

Sign up for Finance Report by AOL and get everything from consumer news to money tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.