Middle-Income Household
A Middle-Income Household is a household with middle household income.
- Context:
- It can (typically) be a member of a Middle Class.
- It can (typically) be a Middle-Wealth Household.
- It can (typically) fall socio-economically between the Working Class Household and an Upper Class Household.
- It can be subject to Middle-Income Household Hollowing-Out.
- …
- Example(s):
- Counter-Example(s):
- See: Social Economic Class, Middle Class Lifestyle, Middle Class Hollowing-Out Outcome.
References
2020
- (Wikipedia, 2020) ⇒ https://en.wikipedia.org/wiki/Middle_class Retrieved:2020-4-6.
- The middle class is a class of people in the middle of a social hierarchy. Its usage has often been vague whether defined in terms of occupation, income, education or social status. ...
... One of the narrowest definitions limits it to those in the middle fifth of the nation's income ladder. A wider characterization includes everyone but the poorest 20% and the wealthiest 20%. ...
There has been significant global middle-class growth over time. In February 2009, The Economist asserted that over half the world's population now belongs to the middle class, as a result of rapid growth in emerging countries. It characterized the middle class as having a reasonable amount of discretionary income, so that they do not live from hand-to-mouth as the poor do, and defined it as beginning at the point where people have roughly a third of their income left for discretionary spending after paying for basic food and shelter.
- The middle class is a class of people in the middle of a social hierarchy. Its usage has often been vague whether defined in terms of occupation, income, education or social status. ...
2015
- https://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/
- QUOTE: ... The hollowing of the American middle class has proceeded steadily for more than four decades. Since 1971, each decade has ended with a smaller share of adults living in middle-income households than at the beginning of the decade, and no single decade stands out as having triggered or hastened the decline in the middle. Based on the definition used in this report, the share of American adults living in middle-income households has fallen from 61% in 1971 to 50% in 2015. ...
... This report uses household income to group people. For that reason, the term “middle income” is used more often than not. However, “middle class” is also used at times for the sake of exposition.
- QUOTE: ... The hollowing of the American middle class has proceeded steadily for more than four decades. Since 1971, each decade has ended with a smaller share of adults living in middle-income households than at the beginning of the decade, and no single decade stands out as having triggered or hastened the decline in the middle. Based on the definition used in this report, the share of American adults living in middle-income households has fallen from 61% in 1971 to 50% in 2015. ...
2000
- (Sullivan et al., 2000) ⇒ Teresa A Sullivan, Elizabeth Warren, and Jay Lawrence Westbrook. (2000). “The Fragile Middle Class: Americans in Debt." Yale University Press. ISBN:0300091710
- QUOTE: … the authors discover that financial stability for many middle-class Americans is all too fragile. The authors consider the changing cultural & economic factors that threaten financial security & what they imply for the future vitality of the middle class.