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By Staff Reporters
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DEFINITION: The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $65,000 in 2021, according to the U.S. Census Bureau. 21 Using Pew’s yardstick, middle income is made up of people who make between $43,350 and $130,000.
CITE: https://www.r2library.com/Resource/Title/0826102549
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The American middle class is facing the biggest hit to its wealth in a generation going into the midterm election, although it is also entering the vote richer than it has ever been thanks to a decade of cheap money and the wealth boom it fed.
That’s the conclusion of a Bloomberg News examination that paired new wealth data with an exclusive Harris Poll of attitudes of the 100 million adults who sit at the core of the US economy and its politics ahead of the election.
READ HERE: https://www.bloomberg.com/graphics/2022-us-midterms-middle-class-wealth/?leadSource=uverify%20wall
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Filed under: "Ask-an-Advisor", Career Development, Estate Planning, Financial Planning, Investing, LifeStyle | Tagged: middle class, MIDDLE CLASS: Once-in-a-Generation Wealth Boom Ends, once generation, Wealth, wealth boom, wealth boom ends | Leave a comment »
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