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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] .
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.
Historically, the middle class has been the engine of American economic growth and prosperity. The share of income captured by the middle class fell from 62% in 1970 to 43% in 2014....
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...
The meaning of MIDDLE-CLASS is of or relating to the middle class; especially : characterized by a high material standard of living, sexual morality, and respect for property.
Middle-income households are defined as those with an income that is two-thirds to double that of the U.S. median household income, 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 that are more than double the median.
MIDDLE CLASS definition: 1. a social group that consists of well-educated people, such as doctors, lawyers, and teachers…. Learn more.
The middle class is an economic tier that includes individuals who make more money than the working class but less than the upper class. Here’s how it works.
MIDDLE CLASS meaning: 1. a social group that consists of well-educated people, such as doctors, lawyers, and teachers…. Learn more.