top of page
  • Writer's picturePure Speculation

What is Middle Class, Anyway?

This Country is made up of Thrivers and Stragglers...which one are you?


Everyone's talking about saving America's middle class. But just who exactly falls into this group? That's actually a much more difficult question to answer than it seems. While some experts define the middle class by income, others define it by lifestyle. Still others say it's a state of mind. Here are five different ways that economists, federal agencies and even the White House measure and characterize the middle class.


Whether you're considered middle class most commonly depends on your income. But experts differ on how much you have to earn to fall into this camp. One of the narrowest definitions limits it to those who are literally in the middle fifth of the nation's income ladder. A wider characterization includes everyone but the poorest 20% and the wealthiest 20%. Displayed below is the Pew Research Center's definition, which is two-thirds to two times the national median income for your household size.


Some Americans may not be bringing in middle-class incomes, but they have a lot of savings or investments. This is particularly true of the elderly living off their nest eggs. So some experts prefer to use wealth as the determining factor. New York University Professor Edward Wolff, for instance, defines middle class as the middle three-fifths of the wealth spectrum. Those below that threshold are in debt and those above are wealthy.


Another way to define middle class is by how much you spend. This more accurately reflects your well-being since income doesn't take into account non-cash government benefits, such as food stamps, or savings and can fluctuate greatly from year-to-year, say proponents of this measure. The consumption measure used by Notre Dame Professor James X. Sullivan includes spending on food, transportation, entertainment, housing and other items. It excludes health care expenses and education, which Sullivan says might be considered investments. He defines the middle class as those in the middle fifth of spending.

Hosts Zack Hayes and Phil Hayes break it all down in this week's episode of Pure Speculation. Follow us on Twitter @strugglestate


Stay with for more information as we navigate through the ever changing economic landscape.

1 view0 comments

Recent Posts

See All
bottom of page