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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 ] .
In our analysis, “middle-income” Americans are adults whose annual household income is two-thirds to double the national median, after incomes have been adjusted for household size. Lower-income households have incomes less than two-thirds of the median, and upper-income households have incomes more than double the median.
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.
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 even...
As the financial divide has grown, a smaller share of Americans now live in middle-class households. Here are key facts about this group.
The Urban Institute defines middle class as an adult whose annual household income is 150% to 500% higher than the federal poverty level. For 2020, the federal poverty level was $21,720 for a three-person household.
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.
Middle class definition: the social, economic, and cultural class of people thought of as having approximately average status, income, education, tastes, and the like. See examples of MIDDLE CLASS used in a sentence.
a social group that consists of well-educated people, such as doctors, lawyers, and teachers, who have good jobs and are not poor, but are not very rich: The upper middle class tend to go into business or the professions, becoming, for example, lawyers, doctors, or accountants. Compare.
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.