You Want To Be In The Middle Class? Think Again by Inquisitr
We’ve been told middle-class people have enough money to pay the bills and live a comfortable life. Most politicians speak directly to the middle class at some point in any campaign speech. Middle-class families can enjoy tax breaks higher income families can’t such as lower capital gains tax, child care credits, and even credits for furthering their education. Who wouldn’t want to be a part of the middle class?
The recent report by the Federal Reserve of St. Louis sheds light on why being part of the middle class may not be such a great thing. The first priority of the report was to determine just what is the demographic of the middle class. Economists and sociologists have differed on this opinion. After marrying the two viewpoints, Senior Economic Advisor William Emmons and Lead Policy Analyst Brian Noeth painted a grim picture.
“Our version of the demographically defined middle class reveals that families that are neither rich nor poor may be under more downward economic and financial pressure than common but simplistic rank-based measures of income or wealth would suggest.”
In the past, economists have defined middle income as it relates to the median income across the country. A popular idea is to take 50 percent above the median income and 50 percent below the median income to determine the citizens who fit the middle class. For example, the median income for families in 2013 according to the American Community Surveys was $52,250. This would put middle class family incomes between $26,125 and $78,375.
Sociologists have determined middle class to not so much be based on income earned but cultural status. Attributes they use to define one’s place in society might include occupation, marital status, education, and even race. In fact, the report indicates one of the fastest growing attributes has to do with age. More Baby Boomers are retiring today than ever.
Emmons and Noeth’s conclusion was to combine the economist and sociologists viewpoints and come up with three distinct categories of people.
Read the full article at: Inquisitr
naturally like your web site however you need to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again.
link
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
I appreciate you sharing this blog post. Thanks Again. Cool.
very informative articles or reviews at this time.
I very delighted to find this internet site on bing, just what I was searching for as well saved to fav
I appreciate you sharing this blog post. Thanks Again. Cool.
I really like reading through a post that can make men and women think. Also, thank you for allowing me to comment!
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
I like the efforts you have put in this, regards for all the great content.
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
You`re higher than a triple-scoop ice cream cone…with sprinkles.
more information
APK indir , Full Apk
This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
Buy Instagram Followers
Boru Kurdu Satın Al Borukurdu
There is definately a lot to find out about this subject. I like all the points you made
This is my first time pay a quick visit at here and i am really happy to read everthing at one place
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
Awesome! Its genuinely remarkable post, I have got much clear idea regarding from this post
This is really interesting, You’re a very skilled blogger. I’ve joined your feed and look forward to seeking more of your magnificent post. Also, I’ve shared your site in my social networks!
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
very informative articles or reviews at this time.
I appreciate you sharing this blog post. Thanks Again. Cool.
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
Pretty! This has been a really wonderful post. Many thanks for providing these details.
Thương hiệu CAVS là từ viết tắt của Credible Audio Visual Solutions, của Hoa Kỳ. CAVS là công ty hoạt động trong lĩnh vực âm thanh Karaoke bao gồm thiết bị …
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
I like the efforts you have put in this, regards for all the great content.
I just like the helpful information you provide in your articles
I just like the helpful information you provide in your articles
Great information shared.. really enjoyed reading this post thank you author for sharing this post .. appreciated
very informative articles or reviews at this time.
playstation ile alakalı tüm bilgileri buradan edinebilirsiniz. Playstation ve ürünlerine dair her şey.
Awesome! Its genuinely remarkable post, I have got much clear idea regarding from this post
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
I truly appreciate your technique of writing a blog. I added it to my bookmark site list and will
I like the efforts you have put in this, regards for all the great content.
Awesome! Its genuinely remarkable post, I have got much clear idea regarding from this post
naturally like your web site however you need to take a look at the spelling on several of your posts – locask.com. A number of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come again again – locask.com.
I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
I like the efforts you have put in this, regards for all the great content.
This was beautiful Admin. Thank you for your reflections.
Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
I like the efforts you have put in this, regards for all the great content.
I like the efforts you have put in this, regards for all the great content.