3 ms·
That is twice the average household income in the US. Less than 20% of all households have combined earnings over 130k. You may want to reassess your understan
by jaxn 7y ago
That is twice the average household income in the US. Less than 20% of all households have combined earnings over 130k.
You may want to reassess your understanding of middle class.
- JDiculous 7y ago> Pew Research Center defines middle-class or middle-income households as those with incomes that are two-thirds to double the 2016 U.S. median household income of $57,617. According to this formula, Pew determined that middle-class Americans have incomes ranging from approximately $45,200 to $135,600. Call it whatever you want, but there's a huge difference between $135k/yr household income split among 3 kids in an expensive metro area where a house in the suburbs costs $600k+, and $300k/yr with 1 kid in a low cost of living area.