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According to a 2021 Pew Research study that classifies adults as middle class if they belong to a household with income between 2/3 and 2x median household income ($52k-$156k for a household of three), the percentage of Americans in the middle class declined from 61% to 50% over the previous five decades (1971-2021) with 4% moving down into the ...
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 ]
The median wealth of married couples exceeds that of single individuals, regardless of gender and across all age categories. [11]It is impossible to understand people's behavior…without the concept of social stratification, because class position has a pervasive influence on almost everything…the clothes we wear…the television shows we watch…the colors we paint our homes in and the ...
The American middle class is often depicted as a kind of mythical economic group living in perfect financial balance. ... For example, Hialeah, Florida’s median household income is $49,531 ...
However, on a national scale, as of 2022, middle-income households had incomes ranging from $56,600 to $169,800. This means that lower-income households had incomes below $56,600, and upper class ...
Although the middle class has remained pretty stable in size since 2011, the wealth gap between higher-income households and middle-income Americans has only widened over the years, according to a...
Fussell argues that the American middle class has experienced "prole drift" dragging it downward and effectively joining it to the proletarian class. Whereas a university education used to be rarer and a clear class divider separating middles from the high school education of proles, Fussell reports that the vast proliferation of hundreds of mediocre "universities" in the U.S. has rendered ...
Since the 1970s, the American middle class has been shrinking. According to the Pew Research Center, the percentage of middle class adults in middle-class households dropped pretty steeply from 61 ...