Pew Research Center interviewed over 2,400 people earlier this year and found that a little over half of the people identified themselves as falling within ‘middle class.’ Using this research and some other data gathered, Pew painted a picture by numbers to show us a portrait of the middle class.
And just who are they?
Seems that the median income of Americans who consider themselves as middle class is $52,285 though the income that Americans feels is needed to live a middle-class lifestyle in the area in which they live is almost $20,000 more at $70,000.
What is important to the middle class? 68% believe that having enough time to do the things that they want is most important, followed closely behind having children at 62% and having a successful career (59%). What about being married? Just a little over half said this was very important (55%).
And just how do the middle class think they are doing compared to their parents, and how do they believe their children will do compared to them? 67% of those who considered themselves to be middle class are doing better than their parents did, but only 49% actually believe that their children will do better than they are doing. This number is down from 61% in 2002.
You can read the rest of the results of the survey by following the link above. How do you classify yourself, and how do you think that you are doing as compared to your parents, and how your children will do as compared to you?
I suppose we consider ourselves middle class. I do believe that having time to myself is important, but it doesn’t happen much these days. However, having children was more important than having that time (which I guess is good, since once you have children you rarely have the time!) I definitely feel I’m doing better than my parents did, but unlike what others said, I do believe my children will do better than I have done. At least, that is my hope; but isn’t that the hope of every parent, middle class or not?
Have a great Tuesday!