• grue@lemmy.world
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    7 months ago

    The middle class is the middle three household income quintiles.

    From the study:

    There’s no single definition of the middle class, but one of the most go-to benchmarks is Pew Research’s household income percentile ranges for economic classes, which go as follows:

    • Lower-middle class: 20th - 40th percentile
    • Middle class: 40th - 60th percentile
    • Upper-middle class: 60th - 80th percentile

    Based on these percentile ranges, America’s “middle class” households fall into three main income tiers:

    • Lower-middle class: $30,001—$58,020
    • Middle class: $58,021—$94,000
    • Upper-middle class: $94,001—$153,000