The mediate class is simply a key component of any economy, playing an crucial function in stabilising the marketplace and driving economical growth. In Poland, mediate class membership is not clear and depends on many factors, including income levels. See how much you gotta gain in 2024 to be included in this group.
What does mediate class membership mean?
Understanding what mediate class membership means requires different methodologies and definitions. Although most Poles identify as part of the mediate class, the actual membership of this group is more complicated. 1 of the key indicators to find whether a household can be classified in the mediate class is EHDI (Equivalised household Disposable Income). The EHDI takes into account household income, dividing it by the square root of the number of its members, allowing for a more fair assessment of the material situation of families of different sizes.
Financial criteria of the mediate class according to the Polish economical Institute
According to the 2019 data of the Polish economical Institute, the mediate class included households whose EHDI ranged from 67% to 200% of the median home income. For Polish households in 2019 this meant income per household associate ranging from PLN 2564 to PLN 5774. These criteria included 54% of Poles aged 24-64.
Current CSO data and changes for 2024
The latest available data from the Central Statistical Office (GUS) of October 2022 indicated that the median wages in Poland amounted to PLN 5701.62 gross, corresponding to PLN 4217 net. Assuming wages increased by 40% over 4 years, which is simply a realistic presumption in the context of inflation and economical growth, membership of the mediate class in 2024 would require earnings exceeding PLN 6000 gross per month.
OECD and another approaches to mediate class definition
OECD uses somewhat different criteria, defining the mediate class as earners between 75% and 200% of national median. In the case of Poland, this means that in 2024, in order to belong to the mediate class, earnings would should be in the scope of about PLN 4500 to PLN 11,400 gross per month.
Reality and Subjective Feelings
An interesting aspect of investigation on the mediate class is the difference between nonsubjective financial criteria and people's subjective feelings. According to the analysis of the Polish economical Institute, if the mediate class were defined on the basis of subjective income assessments, this group would include 16.5 million people in Poland, alternatively of 11-12 million gathering nonsubjective criteria.
Summary: Do you qualify for mediate class in 2024?
Middle class membership depends on a number of factors, including income levels, number of household members and regional differences in life costs. In 2024, to be in this social group, income should exceed PLN 6000 gross per month, but the exact limit depends on the methodology adopted. Knowing these criteria, you can better realize your financial situation and find where you place yourself against another Poles.
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Middle Class in Poland: How much do you gotta gain to belong to it in 2024?
