Iona – stock.adobe.com In New York, the annual middle-class income ranged from $56,385 to $168,156, meaning $131,566 was the minimum needed to be considered upper-middle class.

In 1971, 61% of Americans were “middle income.” By 2023, that share had dropped to 51%. The upper class grew by a larger amount, from 11% to 19%, than the lower class, which went from 27% to 30%.

While the bill has been touted as a way to offer financial relief to Americans, it doesn’t exactly give much help. “This thing is mostly smoke and mirrors for upper middle class families (that ...

If you are middle class and looking at these numbers and trends, you might be asking yourself whether you will still be categorized in this economic bracket 20 years from now.

Methodology: For this piece, GOBankingRates looked at the 50 biggest (in terms of total households) where one can still be considered middle class while making under $40K. This means that since ...

1. The Middle Class Is Shrinking As of 2023, roughly 51% of American households are considered middle-class. In 2005, that percentage was 61%. That’s a huge drop.

Moving into the middle class isn’t just about earning more—it’s about managing money wisely once it comes in. Developing good financial habits early can make a lasting difference.

While most middle class people struggle to afford basic necessities, rich people have access to a luxurious lifestyle. Here are 11 things the middle class calls luxuries that wealthy people see as ...

The middle class is shrinking. This is a common assertion, and an easy one to believe. We know people who are struggling financially, or we are struggling ourselves.

According to Pew Research, the number of Americans who are considered middle class is declining. In 1971, 61% of Americans were “middle income.” By 2023, that share had dropped to 51%. The ...