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Does the U.S. Still Have a ‘Middle Class’?
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Nov. 5, 2018 | ECONOMY | The question of how to define the middle class is one of the perennial mysteries of American social life. Most people say they’re "middle class," so how can we know what this really means? Every few years some intrepid social scientists venture a new definition. This September, the Brookings economist Richard Reeves and Katherine Guyot argued that the middle class is "the middle 60 percent of households on the income distribution" which represents $37,000-$147,000 for a three-person household. Downplaying the importance of education, they wrote that income is the most useful measure of class because it captures all of the other conditions that make a person middling, including consumption, education, and relative social standing; it is not only how much money individuals take home… The Atlantic
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