{"id":25735,"date":"2008-10-06T00:00:00","date_gmt":"2008-10-06T05:00:00","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2008\/10\/06\/middle-class-by-the-numbers\/"},"modified":"2024-04-14T03:52:39","modified_gmt":"2024-04-14T08:52:39","slug":"middle-class-by-the-numbers","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2008\/10\/06\/middle-class-by-the-numbers\/","title":{"rendered":"Middle Class, By the Numbers"},"content":{"rendered":"<div class=\"floatright\">\n<figure><img decoding=\"async\" src=\"https:\/\/assets.pewresearch.org\/wp-content\/uploads\/sites\/12\/old-assets\/publications\/983-1.gif\" alt=\"Middle Class\"><\/figure>\n<\/div>\n\n<p class=\"wp-block-paragraph\">With the economy in turmoil, the closing weeks of the presidential campaign are likely to focus increased attention on America&#8217;s beleaguered middle class.<\/p>\n\n<p class=\"wp-block-paragraph\">But just who is in the middle class? And how are things going for them?<\/p>\n\n<p class=\"wp-block-paragraph\">The Pew Research Center surveyed 2,413 adults earlier this year, including 1,276 who identified themselves as &#8220;middle class.&#8221; Pew researchers also analyzed U.S. Census data and other demographic and economic statistics.<\/p>\n\n<p class=\"wp-block-paragraph\">Here&#8217;s a portrait:<\/p>\n\n<p class=\"wp-block-paragraph\"><b>12<\/b> Percentage of the middle class that say &#8220;being wealthy&#8221; is very important to them.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>14<\/b> Percentage of middle class that lost their jobs in the past year &#8212; about half the proportion that fear they&#8217;ll lose their job in the year ahead.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>29<\/b> The percentage increase in the inflation-adjusted median net worth of middle-income families from 1983 to 2004. During that same period, the net worth of upper-income families grew by 123%, or four times faster.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>33<\/b> Percentage of Americans with family incomes of $150,000 or more who say they are middle class.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>39<\/b> Percentage of the middle class who say they are &#8220;living comfortably.&#8221; About a quarter &#8212; 23% &#8212; say they are just able to meet expenses or fall short.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>40<\/b> Percentage of middle-class homeowners who have paid off less than half of the money they owe on their homes.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>41<\/b> Percentage of Americans who say they are better off now than they were five years ago, the smallest percentage in more than four decades.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>41<\/b> Percentage of Americans with family incomes of less than $20,000 who say they are middle class.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>53<\/b> Percentage of all Americans who identify themselves as middle class.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>55<\/b> Percentage of Baby Boomers who say their income won&#8217;t keep up with the cost of living in the coming year, a view shared by significantly smaller proportions of younger (44%) or older (43%) adults.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>67<\/b> Percentage of the middle class who say they are doing better than their parents. But only about half (49%) expect their children to do better than they&#8217;re doing, down from 61% in 2002.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>68<\/b> Percentage of middle-class Americans who say &#8220;having enough time to do the things you want&#8221; is a very important priority in their lives. Other priorities in this survey scored lower:having children (62% rate this very important), having a successful career (59%), being married (55%), doing volunteer or charity work (52%), leading a religious life (53%), and being wealthy (12%)<\/p>\n\n<p class=\"wp-block-paragraph\"><b>79<\/b>Percentage of adults who say it is harder now than it was five years ago for the middle class to maintain its standard of living, up from 65% in 1986.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>89<\/b> Percentage of employed middle-class Americans who are satisfied with their job, including 34% who are &#8220;completely satisfied.&#8221;<\/p>\n\n<p class=\"wp-block-paragraph\"><b>$52,285<\/b> The median family income of Americans who identify themselves as middle class.<\/p>\n\n<p class=\"wp-block-paragraph\"><b>$70,000<\/b> The median family income that Americans say is necessary for a family of four to live a middle-class lifestyle in their communities.<\/p>\n\n<p class=\"wp-block-paragraph\">Read more about the middle class at <a href=\"http:\/\/pewresearch.org\/pewresearch-org\/social-trends\/assets\/pdf\/MC-Middle-class-report.pdf\">pewresearch.org\/pewresearch-org\/social-trends<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The plight of Middle Americans has been much invoked by candidates from both parties this election year. Who are these folk? Here&#8217;s a self-portrait painted in statistics.<\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_crdt_document":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"bylines":[{"key":"593e53c4-de05-4afa-8958-e7c6a780a9ec","termId":2134}],"acknowledgements":[],"displayBylines":true,"footnotes":"","prc_watchers":[]},"categories":[243,237],"tags":[],"bylines":[2134],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[515],"research-teams":[519],"workflow-status":[],"class_list":["post-25735","post","type-post","status-publish","format-standard","hentry","category-middle-class","category-personal-finances","bylines-tom-rosentiel","formats-report","regions-countries-united-states","research-teams-social-trends"],"label":false,"post_parent":0,"word_count":459,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2008\/10\/06\/middle-class-by-the-numbers\/","art_direction":false,"_embeds":[],"watchers":[],"table_of_contents":[],"report_materials":"","report_pagination":{"current_post":null,"next_post":null,"previous_post":null,"pagination_items":[]},"parent_info":{"parent_title":"Middle Class, By the Numbers","parent_id":25735},"materialsOrdered":[],"chaptersOrdered":[],"partsOrdered":[],"partsEnabled":false,"datacite_doi":"","prc_seo_data":{"title":"Middle Class, By the Numbers","description":"The plight of Middle Americans has been much invoked by candidates from both parties this election year. Who are these folk? Here's a self-portrait painted in statistics.","og_title":"Middle Class, By the Numbers","og_description":"The plight of Middle Americans has been much invoked by candidates from both parties this election year. Who are these folk? 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