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According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That's a 60% jump from the $66,400 median income in 1970. While that sounds impressive, it's ...
Based on Pew’s calculator, middle class earners are actually those whose income falls between $52,200 and $156,600, or two-thirds to double the national median when adjusted for local cost of ...
Income inequality, by percentile class, logarithmic scale (Typical income: $1.5 million, mostly from assets) These include heirs, top executives of large corporations, and owners of large, privately held companies. They primarily earn income from assets that they directly control, such as by being on the board of directors of their businesses.
To find out how much a middle-class family is earning, GOBankingRates multiplied each median income by 0.67 for the lower limit and by 2 for the upper limit. Data is accurate as of Jan. 19, 2022.
An income bracket is a category of people whose income falls within defined upper and lower levels. [1] [2] In governmental planning, entire populations are divided into income brackets. These brackets are used to categorize demographic data as well as determine levels of taxation and welfare benefits. [citation needed]
Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau. Additionally, various agencies, including the Congressional Budget Office compile reports on income statistics.
In their 2024 report, “The State of the American Middle Class”, they found that the median income of middle-class households in 2022 was $106,100 — up 60% from $66,400 in 1970, as measured ...
For the middle class, the median income was $106,092 for a family of three. Income isn’t the sole determinant. Where you live significantly impacts your financial standing. For example, in a ...