An individual or household’s economic status is determined by the class or bracket 

under
which they belong, depending on the level of income production. About 122,459,000
families earned money in 2012, with 4.5 percent of them earning over $200,000. [1] What is
an economic status? Economic status is defined as the level at which an individual is
usually based on income. There are three different economic status levels in the world
today, which are:

The lower class: Poverty, homelessness, and unemployment, characterize the lower
economic status. Medical care, sufficient housing and food, proper clothing, safety, and
vocational training are all issues that this class faces, even though few have completed high
school. The media also stigmatizes the people in the lower economic status as “the
underclass,” incorrectly portraying poor people as welfare mothers who exploit the system
by having an increasing number of children and welfare fathers who are willing to work but
do not. These fathers are seen as drug addicts, offenders, and societal “trash.”
The middle class: The “sandwich” class is the middle class economic status. These white-
collar employees earn more than those in lower positions on the “income pyramid” but less
than those in higher positions. They are divided into two groups based on their income,
education, and status. Managers, small business owners, teachers, and secretaries make
up the lower middle class, which is mainly made up of less educated individuals with lower
incomes. Doctors, attorneys, investment bankers, and CEOs are common upper-middle
class members, as are highly educated business and technical people with high incomes.
The upper class: This economic status, which makes up just 1 to 3% of the US society,
owns more than 25% of the country’s total income. There are two classes in this economic
status level in this class: lower-upper and upper-upper. Many with “new income,” or money
gained by savings, business projects, and other means, belong to the lower upper class.
Aristocratic and “high-society” households of “old money” that have been wealthy for
decades make up the upper-upper class. The income through their inherited wealth
supports these highly wealthy citizens.  The upper-upper class has a higher social status
than the lower-upper class.
Those earning from $39,736 to $104,087 during that year were classified as middle-class
on the economic status level. [2]
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Stereotypes of Addiction Based on Economic Status

Addiction happens in a variety of settings and influences distinct people from all areas of
life. But how did the stereotype that all of the addicts are uneducated, homeless, and
jobless (people considered on the lower economic status) come to be? To build on that
notion, many people naturally conclude that addiction is a condition that only affects the lazy
or weak-willed. 23.1 million individuals who are addicted to drugs or alcohol tell a
different story.[3]