A new report from the Pew Research Center explains what it means to be middle class in 2017.
“The share of American adults in middle-income households also decreased, from 55% in 2000 to 51% in 2014,” Pew reports. “At the same time, the share of adults in the upper-income tier increased from 17% to 20%.”
Income is just one element, but an easy one to track.
Middle class is defined as an annual household income two-third to double the national median, i.e. $55,775.
“The income it takes to be middle-income varies by household size, with smaller households requiring less to support the same lifestyle as larger households.”
Number in household:
One: $24,042 to $72,126
Two: $34,000 to $102,001
Three: $41,641 to $124,925
Four: $48,083 to $144,251
Five: $53,759 to $161,277
Here’s more from Pew, including charts and graphs.