What is middle class?

What is middle class?

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What is middle class?
“Middle class” is a common term spoken by news pundits, politicians, and that annoying friend of yours who likes to debate politics at dinner parties. While a lot of people like to bloviate about the middle class, there’s no hard set definition for what middle class means. In fact, not a lot of economists know exactly how to define it. There are some ranges we can point to though. For example, a three-person household would be considered middle class if they earned $45,200 to $135,600 a year (per Pew Research). Of course, there’s a lot more to that range than meets the eye. Let’s take a peek behind the numbers and see where you fall. What is middle class? Middle class refers to a social and economic class in America. I’ll say that again: Middle class refers to a social and economic class in America. That’s because middle class can encompass much more than just how much you earn each year. Some sociologists believe that the middle class is as much a state of mind as it is how much you earn. Christine L. Owens, the executive director of the employment advocacy firm National Employment Law Project, says, “I would consider middle [...]
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How to make a million dollars (with advice from actual millionaires)
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Graham Duncan — Talent Is The Best Asset Class (#362)
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Samin Nosrat — Master Creative, Master Teacher (#339)
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I made over $35k profit selling one of my turnkey properties in a C class neighborhood

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I made over $35k profit selling one of my turnkey properties in a C class neighborhood
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Scott Belsky — How to Conquer the Messy Middle (#336)
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