Do you consider yourself as a middle class? and how do you define middle class anyway? Amy Livingston of Money Crashers delves into this issue of what is middle class in America. Often we hear from politicians talking about middle class without giving an exact definition. Media has various definitions to accommodate their viewers. The median American household income was $53,657 with an average net worth of $85,712, but these figures are not the whole picture. In addition to income and net worth, you have to look into education, occupation, lifestyle and aspiration to define the middle class. So it is not possible to define the middle class with household income only.
What is Middle Class?
