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Jul 23, 2020 · Our latest analysis shows that the share of adults who live in middle-income households varies widely across the 260 metropolitan areas examined, from 39% in Las Cruces, New Mexico, to 67% in Ogden-Clearfield, Utah.
Aug 17, 2024 · What Is the Middle Class? The middle class is a socio-economic category used to describe people and families with incomes that fall into the median range for the geographic area they live in.
The middle class refers to a class of people in the middle of a social hierarchy, often defined by occupation, income, education, or social status. The term has historically been associated with modernity, [1] capitalism and political debate. [2]
Apr 20, 2022 · The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades. The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021, according to a new Pew Research Center analysis of government data. From 2020: Are you in the American middle class?
While some experts define the middle class by income, others define it by lifestyle. Still others say it's a state of mind. Here are five different ways that economists, federal agencies and...
Oct 5, 2021 · The report defines middle class aspirations as owning a home; owning a car; affording college education for your children; health and retirement security; and occasional family vacations.
Feb 7, 2024 · The middle class is shrinking due to an increase in population at the extreme bottom and top of the economic spectrum. The median income in the U.S. was $65,000 in 2020 (regardless of household...
May 7, 2018 · There is a kaleidoscopic range of definitions of the middle class, from a wholly subjective set of aspirations to a highly specific measure of household income, and everything in between....
Sep 4, 2018 · Today, we published our definition of the “middle class”: The middle 60 percent of households on the income distribution. This captures the 30 percent of households above and below median...
noun. : a class occupying a position between the upper class and the lower class. especially : a fluid heterogeneous socioeconomic grouping composed principally of business and professional people, bureaucrats, and some farmers and skilled workers sharing common social characteristics and values.
