Wednesday, July 24, 2013

Class Division Update: 6 Ways to Tell if You’re Middle Class

07/24/13

I thought for sure having a job or owning a 400 dollar car would be on the list..

What does “middle class” mean? President Obama is set to make a speech tomorrow where he’ll try to turn attention back to the economy and the middle class. But there’s a big problem… there’s no set definition of what the middle class is.

President Obama has given his definition of the middle class from time to time–a “basic bargain” that is eroding. “You could have some confidence that if you gave it your all, you’d take enough home to raise your family and send your kids to school and have your health care covered, put a little away for retirement,” he said in December 2011.

But the Census Bureau does not even have an official definition if “middle class.” Are you a member of the middle class? We’ve put together a list to help you figure out:

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