Middle class definition: Income, debt, examples of everyday Americans

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Middle class definition: Income, debt, examples of everyday Americans
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Meet the American middle class

defines middle-class households as making two-thirds to double America's median income. That adds up to an income range of about $30,000 to $90,000 for single Americans in 2020 dollars. But there are other ways out there that the middle class could be defined, as seen in aThe typical middle-class American makes between about $30,000 to $90,000. A household of two would have to earn around $42,000 to $127,000 to qualify.

"The average middle-class household has about $70,000 in income after taxes and transfers," a Brookings essayA three-person middle-income household makes about $52,000 to $156,000 every year according to Pew's definition. A household of four would have to makes $60,000 to $180,000. Households of five making roughly between $67,000 to $201,000 are also considered part of the middle class.

Household income for the middle class has been on the rise over the last decade, although the pandemic still set them back. As seen in the above chart, the median household income for a middle-class household of three in 2020 dollars was $79,838 in 2010, according to Pew's analysis. By 2019, it had risen to $92,042 — and then fell to $90,131 in 2020.

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