Does it really take a $112,131 income for Americans to consider themselves ‘middle class’? What the data shows | AI News Digest
A recent Gallup survey reveals that 77% of Americans earning $100,000 or more identify as middle class, with many even considering themselves working class. The definition of middle class varies, with some viewing it as a comfortable lifestyle while others rely on income metrics. As housing costs rise, the income needed to afford a median-priced home is projected to be $112,131 by 2025, highlighting the financial challenges many face. The article discusses different methods to define middle class status, emphasizing the importance of understanding personal finances in the context of rising living costs.
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