Just the Sin City Saint THINKING OUT LOUD!
The problem in defining the middle class with an income or wealth ranking is its ambiguity. if we define the middle class as families between the 25th and 75th percentiles, how different are families at the 24th than those at the 25th or the 76th from those at the 75th percentiles? How different are those at the 25th than those at the 75th?
The study, conducted by William R. Emmons and Bryan J. Noeth, found that one reason many Americans viewed themselves as struggling was that their real incomes had not advanced significantly beyond their parents’ even when they reached higher educational levels, while those who matched their parents’ achievements were actually worse off.The typical American family makes slightly less than a typical family did 15 years ago.