How Much Money Does the Average Middle Class American Have?
Alexander Ross
••6 min read
The Pew Research Center Defines the Middle Class as Households That Earn Between Two-Thirds and Double the Median U. S. Household Income, Which Was $61,372 in...
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $61,372 in 2017, according to the U.S. Census Bureau. 21 Using Pew's yardstick, middle income is made up of people who make between $42,000 and $126,000.
How much money do middle class Americans have?
The Pew Research Center has put a financial definition to the term "middle income." To be considered part of that group in 2021—which is synonymous with middle-class, according to Pew—a single American must have earned $30,003 to $90,010, according to a new set of reports released Wednesday.
What percentage of the US population makes over $100 000 a year?
The percentage of households earning over $100,000 annually has increased significantly in recent decades, up from 15.2% in 1980 to an estimated 30.7% in 2020.
Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.