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Owning a home is a key factor in what many people consider a middle-class lifestyle, but it’s not always easy to save enough for a 20 percent downpayment. First-time homebuying programs can help.
Image source: Getty Images. A lot of people think the U.S. middle class is shrinking. But as of 2022, a good 52% of Americans lived in a middle-class household, says Pew Research Center.
A social class or social stratum is a grouping of people into a set of hierarchical social categories, [1] the most common being the working class, middle class, and upper class. Membership of a social class can for example be dependent on education, wealth, occupation, income, and belonging to a particular subculture or social network.
The term middle-class values is used by various writers and politicians to include such qualities as hard work, self-discipline, thrift, honesty, aspiration and ambition. [1] [2] Thus, people in lower or upper classes can also possess middle-class values, they are not exclusive to people who are actually middle-class. Contemporary politicians ...
Upper-Middle Class Defined. People in the middle and upper-middle classes both benefit from a higher standard of living, less financial stress and more financial freedom or stability. However ...
The modern usage of the term "middle-class", however, dates to the 1913 UK Registrar-General's report, in which the statistician T. H. C. Stevenson identified the middle class as those falling between the upper-class and the working-class. [13] The middle class includes: professionals, managers, and senior civil servants.
If middle class is used in a manner that includes all persons who are at neither extreme of the social strata, it might still be influential, as such definition may include the "professional middle class", which is then commonly referred to as the "upper middle class". Despite the fact that the professional (upper) middle class is a privileged ...
Historically, the middle class is unchained from the financial stresses that define day-to-day life for impoverished people. The upper middle class is doing even better -- but they're not quite ...