Middle Class Category: What is the Middle Class? Who is the Middle Class? Defining the Middle Class
7Middle Class Category? Every politician talks about saving America's middle class and helping working families. But who exactly falls into this group?
It's actually a much more difficult question to answer it may seem. Some experts define the middle class by income, others by lifestyle, and even others still say it is a state of mind.
Key references:
CNN:
https://money.cnn.com/infographic/economy/what-is-middle-class-anyway/index.html
CNBC:
https://www.cnbc.com/2020/07/23/calculator-tells-you-whether-or-not-youre-middle-class.html
Pew Research link: https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/
In this video, I’ll show you five ways economists, politicians, and government agencies characterize the middle class. Make sure to hit those like and subscribe buttons.
Don't settle for just attaining the middle class!
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Chapters:
00:00 Intro
00:54 Income
02:10 Wealth
02:46 Consumption
03:27 Aspiration
03:59 Demographics
05:01 Summary
The Fed describes those doing better than the middle class as thrivers and those doing worse as stragglers.
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