![]() However, the figures above don't take into account the number of people within a household, which can play a big role in deciding whether someone is middle class, Wenger says.Īdditionally, census gatherers had a particularly difficult time collecting data from all households because of the pandemic, so their collection rates went from more than 90% of households historically to around 70%, according to Rakesh Kochhar, senior researcher at the Pew Research Center. This kind of estimate is typically calculated by taking two-thirds of the median household income for the lower bound and twice the median for the upper bound. In the simplest sense, if your median household income for 2020 was from $50,641 to $135,042, you are considered middle class, according to estimates from Wenger. The most straightforward way of defining someone as middle class is based on income thresholds. Here are a few ways experts determine the middle class, and whether you are part of it. All kinds of things make you middle class."Īs a result, researchers have been working for decades on different definitions of the middle class, each with their own strengths and weaknesses. It's a certain amount of of engagement in your community. ![]() "It's a sense of security," says Jeffrey Wenger, senior policy researcher at the RAND Corp. It depends on how you define "middle class." It seems like a simple question, but it actually has a complicated answer. Watch Video: COVID-19 and the wealth gap: How the pandemic has increased wealth disparities
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |