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Middle Class Millionaire
''The Middle-Class Millionaire: The Rise of the New Rich and How They are Changing America'' (Doubleday) is a book that chronicles the evolution of America's middle class over the last twenty years, observing how a portion of the middle class is pulling away from the rest by amassing significant wealth. Overview Written by Lewis Schiff (''The Armchair Millionaire'') and Russ Allen Prince (''Cultivating the Middle-class Millionaire: Why Financial Advisors Are Failing Their Wealthy Clients and What They Can Do About It''), the book introduces an entirely new way of understanding why certain trends are gaining momentum and where that will lead next. The book shows us how this subset of America, labeled by the authors as "the Middle-Class Millionaire", manages to thrive with one foot in the world they came from (the middle class) and one foot in the world they now inhabit (the wealthy). ''The Middle-Class Millionaire'' is based on extensive personal interviews with more than ...
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Demographics
Demography () is the statistical study of populations, especially human beings. Demographic analysis examines and measures the dimensions and dynamics of populations; it can cover whole societies or groups defined by criteria such as education, nationality, religion, and ethnicity. Educational institutions usually treat demography as a field of sociology, though there are a number of independent demography departments. These methods have primarily been developed to study human populations, but are extended to a variety of areas where researchers want to know how populations of social actors can change across time through processes of birth, death, and migration. In the context of human biological populations, demographic analysis uses administrative records to develop an independent estimate of the population. Demographic analysis estimates are often considered a reliable standard for judging the accuracy of the census information gathered at any time. In the labor fo ...
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Non-fiction
Nonfiction, or non-fiction, is any document or media content that attempts, in good faith, to provide information (and sometimes opinions) grounded only in facts and real life, rather than in imagination. Nonfiction is often associated with being presented more objectively, like historical, scientific, or otherwise straightforward and accurate information, but sometimes, can be presented more subjectively, like sincerely held beliefs and thoughts on a real-world topic. One prominent usage of nonfiction is as one of the two fundamental divisions of narrative (storytelling)—often, specifically, prose writing—in contrast to narrative fiction, which is largely populated by imaginary characters and events, though sometimes ambiguous regarding its basis in reality. Some typical examples of nonfiction include diaries, biographies, news stories, documentary films, textbooks, travel books, recipes, and scientific journals. While specific claims in a nonfiction work may p ...
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Doubleday (publisher)
Doubleday is an American publishing company. It was founded as the Doubleday & McClure Company in 1897 and was the largest in the United States by 1947. It published the work of mostly U.S. authors under a number of imprints and distributed them through its own stores. In 2009 Doubleday merged with Knopf Publishing Group to form the Knopf Doubleday Publishing Group, which is now part of Penguin Random House. In 2019, the official website presents Doubleday as an imprint, not a publisher. History The firm was founded as Doubleday & McClure Company in 1897 by Frank Nelson Doubleday in partnership with Samuel Sidney McClure. McClure had founded the first U.S. newspaper syndicate in 1884 (McClure Syndicate) and the monthly ''McClure's Magazine'' in 1893. One of their first bestsellers was ''The Day's Work'' by Rudyard Kipling, a short story collection that Macmillan published in Britain late in 1898. Other authors published by the company in its early years include W. Somerset M ...
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Lewis Schaffer
Lewis Schaffer is an American comedian and broadcaster, based in Nunhead, south-east London, where he moved in 2000. He currently hosts his own weekly radio show on Resonance 104.4FM in London. He also appears regularly, as of 2023, as a pundit on GB News, and tours Britain as a stand-up comedian. Career Schaffer's show "Free until Famous" ran from October 2008 until April 2014 at a venue in Soho and later at The Rancho Grill in Mayfair, London. His show was the "longest running solo stand-up show in London and perhaps all of Britain", running in excess of 400 performances. Schaffer performed his show "Lewis Schaffer: American in London" every Sunday at the Leicester Square Theatre in London for over three years until June 2014, making it the longest solo comedy residency at the theatre. He has hosted "Nunhead American Radio with Lewis Schaffer" on Resonance 104.4FM London since 2009. The show is broadcast live every Monday at 6:30PM GMT. Guests have included comedians R ...
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Russ Allen Prince
Russ is a masculine given name, often a short form of Russell, and also a surname. People Given name or nickname * Russ Abbot (born 1947), British musician, comedian and actor * Russ Adams (born 1980), American retired baseball player * Russ Barenberg (born 1950), American bluegrass musician * Russ Conway (1925–2000), stage name of Trevor Stanford, English popular music pianist * Russ Feingold, American politician * Russ Freeman (pianist) (1926–2002), American bebop jazz pianist and composer * Russ Freeman (guitarist) (born 1960), American jazz fusion guitarist, composer and bandleader * Russ Granik, longtime Deputy Commissioner of the National Basketball Association * Russ Grimm (born 1959), American retired football player * Russ Hodge (born 1939), American decathlete, world record holder (1966–1967) * Russ Howard (born 1956), Canadian curler * Russ Kingston, American actor, editor and filmmaker * Russ Kun (born 1975), President of Nauru (2022–) * Russ Letlow (1913– ...
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2008 Non-fiction Books
8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of the form , being an integer greater than 1. * the first number which is neither prime nor semiprime. * the base of the octal number system, which is mostly used with computers. In octal, one digit represents three bits. In modern computers, a byte is a grouping of eight bits, also called an octet. * a Fibonacci number, being plus . The next Fibonacci number is . 8 is the only positive Fibonacci number, aside from 1, that is a perfect cube. * the only nonzero perfect power that is one less than another perfect power, by Mihăilescu's Theorem. * the order of the smallest non-abelian group all of whose subgroups are normal. * the dimension of the octonions and is the highest possible dimension of a normed division algebra. * the first numb ...
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American Middle Class
Though the American middle class does not have a definitive definition, contemporary social scientists have put forward several ostensibly congruent theories on it. Depending on the class model used, the middle class constitutes anywhere from 25% to 75% of households. One of the first major studies of the middle class in America was '' White Collar: The American Middle Classes'', published in 1951 by sociologist C. Wright Mills. Later sociologists such as Dennis Gilbert of Hamilton College commonly divide the middle class into two sub-groups. Constituting roughly 15% to 20% of households is the upper or professional middle class consisting of highly educated, salaried professionals and managers. Constituting roughly one third of households is the lower middle class consisting mostly of semi-professionals, skilled craftsmen and lower-level management. Middle-class persons commonly have a comfortable standard of living, significant economic security, considerable work auton ...
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American Upper Class
The American upper class is a social group within the United States consisting of people who have the highest social rank, primarily due to economic wealth. The American upper class is distinguished from the rest of the population due to the fact that its primary source of income consists of assets, investments, and capital gains rather than wages and salaries. The American upper class is estimated to include 1–2% of the population. Definitions The American upper class is seen by some as simply being composed of the wealthiest individuals and families in the country. The American upper class can be broken down into two groups: people of substantial means with a history of family wealth going back a century or more (called " old money") and people who have acquired their wealth more recently (e.g. since 1946), sometimes referred to as "Nouveau riche". In a 2015 CNBC survey of the wealthiest 10 percent of Americans, 44% described themselves as middle class and 40% as upper ...
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Doubleday (publisher) Books
Doubleday may refer to: * Doubleday (surname), including a list of people with the name Publishing imprints * Doubleday (publisher), imprint of Knopf Doubleday, a subsidiary of Penguin Random House * Doubleday Canada, imprint of Penguin Random House Canada * Image, formerly Doubleday Religion, imprint of Crown Publishing Group, a subsidiary of Penguin Random House Baseball * Doubleday Field, Cooperstown, New York, USA; baseball stadium * ''Doubleday Field'', United States Military Academy, West Point, New York State, USA; a region of the academy; see Johnson Stadium at Doubleday Field * Auburn ''Doubledays'', single-A baseball team, from Auburn, New York State, USA Other uses * SS ''Abner Doubleday'', Liberty ship built during World War II * ''Henry Doubleday Research Association'', UK organic growing charity See also * * * Doubleday myth The Doubleday myth is the claim that the sport of baseball was invented in 1839 by future American Civil War general Abner Dou ...
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Income In The United States
__NOTOC__ Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau. Additionally, various agencies, including the Congressional Budget Office compile reports on income statistics. The primary classifications are by household or individual. The top quintile in personal income in 2019 was $103,012 (included in the chart below). The differences between household and personal income are considerable, since 61% of households now have two or more income earners. Median personal income in 2020 was $56,287 for full time workers. This difference becomes very apparent when comparing the percentage of households with six figure incomes to that of individuals. Overall, including all households/individuals regardless of employment status, the median household income was $67,521 in 2020 while the median personal income (including individuals aged 15 and over) wa ...
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