My understanding is there are a poverty line and a wealth line and in between those two numbers is what we call the middle class.
The middle class is in-between those two groups, but not everyone between those two groups are middle class.
The middle class is…
“characterized by a high material standard of living, sexual morality, and respect for property”
And
“a fluid heterogeneous socioeconomic grouping composed principally of business and professional people, bureaucrats, and some farmers and skilled workers sharing common social characteristics and values”
According to a 2018 report from the Pew Research Center, 52% of American adults live in “middle class” households. The median income of that group was $78,442 in 2016.
Pew looked at various household sizes. Here’s the income range you’d have to earn each year to be considered middle class, depending on the size of your family:
Household of one: $26,093 to $78,281
Household of two: $36,902 to $110,706
Household of three: $45,195 to $135,586
Household of four: $52,187 to $156,561
Household of five: $58,347 to $175,041
Definition of MIDDLE-CLASS
52% of Americans are considered 'middle class'—here's how much money they earn