A recent Pew Research study shows that the median income for middle -
class households fell by nearly five percent between 2000 and 2014.
It reveals that the median income for middle
class households fell by nearly 5 percent between 2000 and 2014, and their median wealth (assets minus debt) declined by 28 percent after the housing market crisis and the subsequent recession.
Not exact matches
According to the Pew Research Center, people whose
household income
falls between 66 % and 200 % of the national median
household income can call themselves middle -
class.
Typically, middle -
class households — and even those in the second - highest quintile — have net worths that
fall in line with the national averages.
While various interest groups may quibble over exactly how to slice and dice the numbers, Queens University economist Charles Beach says defining the middle
class as those whose earnings
fall within 50 % of the median
household income «is as good a definition as any.»