Reported about 20 hours ago
A Pew Research Center study indicates that nearly 49% of Americans who consider themselves 'middle class' may actually not qualify based on income standards, which range from $56,600 to $169,800. This misidentification highlights a concerning trend of income inequality, as the percentage of households fitting the middle class category has decreased from 61% in 1971 to 51% in 2023. Many families feel financially insecure, and effective strategies for maintaining middle-class status include reducing debt, creating emergency funds, and boosting income.
Source: YAHOO