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By all measures being what? I think if we’re using a definition of “middle class” based around at least half the population always falling into it, a proper s

• yucky 4y ago
  > I think if we’re using a definition of “middle class” based around at least half the population always falling into it Nobody uses that definition. It is however, a defined income level and there is a wealth of data on it. It has shrunk from around 60% of the US population 50 years ago, to around 50% of the population now. https://www.pewresearch.org/fact-tank/2022/04/20/how-the-american-middle-class-has-changed-in-the-past-five-decades/ https://www.pewresearch.org/fact-tank/2022/04/20/how-the-ame...
  • jfrbfbreudh 4y ago
    > In this analysis, “middle-income” adults in 2021 are those with an annual household income that was two-thirds to double the national median income in 2020, after incomes have been adjusted for household size, or about $52,000 to $156,000 annually in 2020 dollars for a household of three. “Lower-income” adults have household incomes less than $52,000 and “upper-income” adults have household incomes greater than $156,000. The definition used in this paper has no ties to actual quality of life criteria or ownership of traditional “middle class” assets (house, car, etc). This is effectively a percentage based definition based around the median income of the country and is more a measure of changes to income inequality than it is a definition of a “middle class.”