What determines the levels of income one are in?

[Stardom22]

What criteria do you think suits the process that determines the kind of financial levels that people are supposed to be lying on for instance the low, middle and high income earners?

 

[Augusta]

Economic growth and trends: can create opportunities and increase overall income levels.

 

[King Belieal]

I think the level of skill that a person has can affect how much earnings they would have.

 

[Springtime]

I think the skills, demand in the market for such skills and the general economic situation may determine your income level.

 

[Augusta]

The overall level of income in an economy is influenced by the interaction of demand (total spending) and supply (total output).

 

[kit_hung]

A person's income is affected by factors such as education, occupation, cost of living, and where they live. Low-income people often earn low wages and live on a tight budget. Middle-income indicates the ability to meet needs and save. High-income includes those with high incomes and investments. Every stage has room for growth.