* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, October 22, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

    AMC Launches First New Dolby Experience in Gwinnett Since 2017

    Hetzel Design: blending architecture and entertainment – Blooloop

    Hetzel Design: Where Architecture and Entertainment Unite in Perfect Harmony

    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    Office Technology: Dealers’ Managed IT Revenue up Nearly 30% – The Cannata Report –

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Welcome to the club: You’re middle class but still counting your pennies

May 18, 2024
in Business
Welcome to the club: You’re middle class but still counting your pennies
Share on FacebookShare on Twitter

While many might think middle-income Americans would be living this dream, they’re not. Instead, they’re living more like their lower-income peers, struggling to make ends meet and worried about losing it all.

New research from Claire Tassin, a retail and e-commerce analyst at business intelligence company Morning Consult, found that middle-income consumers’ behavior is more similar to their lower-income counterparts than more affluent Americans.

“As shoppers are still battling heightened prices and inflationary pressure, middle-income consumer sentiment tracks much closer to lower income,” Tassin said. “Rather than mirroring the top bracket, they’re mirroring the lower bracket.”

Tassin analyzed consumer behavior among Americans making under $50,000, those making between $50,000 and $100,000 — what Morning Consult deems middle-income — and those making over $100,000. While middle-income consumers might prioritize the same financial goals or beliefs as their higher-earning counterparts — like believing that planning for the future is important — they’re spending and living a lot more like they’re lower-income, and the gap with the affluent is getting wider.

For instance, according to Tassin, middle-income earners report that they’d be willing to pay more for a higher-quality product — but that’s not what’s happening.

In reality, middle- and lower-income shoppers are “nearly identical” in reporting that they tend toward the less-expensive option when buying something.

Indeed, while many Americans might be plugging away at work, that doesn’t mean they’re staying afloat. An increasing share of American adults — around 29% — are considered ALICE: asset-limited, income-constrained, but employed. While they’re earning consistent paychecks, they’re struggling to make ends meet — but still make too much to receive assistance.

It all speaks to the ever-moving goalposts of what it takes to achieve a middle-class lifestyle in America. As the hallmarks of that dream become more out of reach, middle-income earners don’t feel like they’ve made it.

Take Amanda, a millennial in Texas. She’s been able to buy a house, have her student loans forgiven, and make over $100,000 annually. This position should, by many measures, make her feel secure.

“I know that I’m doing a lot better than other people my age, but there’s still a lot of anxiety that if there’s another pandemic, if anything crazy happens, if we lose our jobs, how do we pay the bills?” Amanda previously told BI.

The middle class is more of a club than an income bracket

The ranks of middle-income earners have been shrinking, according to the Pew Research Center.

Rakesh Kochhar, a senior researcher at the Pew Research Center, told BI that the share of people living in a middle-income household — earning somewhere between two-thirds and double the median income for a family of their size, per Pew’s definition— has dropped over the last five decades, hitting 50% in 2010 and down from around 60% in 1970. That’s held true since then, according to Kochhar, with a slightly higher share of that missing 10% moving into the upper-income tier.

“We now have more inequality or more polarization with more people living either at the upper income tier or the lower income tier and fewer in the middle. So moving to the extremes,” Kochhar said.

Many who have moved into the high-income category, however, suffer from money dysmorphia. A solid chunk of millionaires consider themselves middle class, despite accounting for just over 12% of American families. While they can certainly afford middle-class markers like homeownership, education, and family more than their lower-income peers, they might also be reluctant to leave the identity of being middle-class behind.

“It’s more a club that most Americans want to be part of regardless of their actual circumstances. And there’s good reasons,” Lawrence R. Samuel, the author of the book “The American Middle Class: A Cultural History,” told Business Insider. The myth of the middle-class and the belief that you can work your way up in a fundamentally democratic way is very American, he said.

Samuel said that for some, it is almost unpatriotic to admit that you’re wealthy. In a time when blue-collar work holds a particular cache and union approval — if not participation — is at a record high, holding on to the facsimile of the middle class might even be a point of pride.

“Being middle class is almost like classless. There’s strong connotations associated with being underclass or poor, and with being rich — it almost violates our equalitarian creed,” Samuel said. As he puts it, we like the “big fat middle” in the US, where we’re all close to being the same. Clinging to at least the mirage of the middle class might be important to upholding more core American ideals.

“If we admit that we’re very class-based — which we really are — that reveals the uncomfortable truth that we’re not as democratic as we like to pretend to be, which is the heart and soul of this country,” he said. “If we’re not truly democracy, then what are we? That’s the whole justification for creating this country.”

Are you middle-income but don’t feel middle-class? Contact this reporter at [email protected].

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Business Insider – https://www.businessinsider.com/what-it-takes-to-be-middle-class-middle-income-wealth-2024-5

Tags: businessWelcomeYou’re
Previous Post

A bridesmaid says she’s out $3,200 for the wedding, and if she did everything the bride wanted, she’d probably have to move

Next Post

Subway commuters in Buenos Aires see fares spike by 360% as part of austerity campaign in Argentina

Sports Extra: Fall Week 9 – KEYC News Now

Fall Week 9 Highlights: Must-See Sports Moments

October 22, 2025
Jacobson earns program’s first medal at U23 World Championships – nmuwildcats.com

Jacobson Breaks New Ground with Program’s First Medal at U23 World Championships

October 22, 2025
AHLA: Hotels generate $7B for Denver economy – Hotel Management

Hotels Drive Denver’s Economy to Soar by $7 Billion

October 22, 2025
AMC brings first new Dolby Experience to Gwinnett since 2017 – Wyoming News Now

AMC Launches First New Dolby Experience in Gwinnett Since 2017

October 22, 2025
UCare, other carriers dropping Medicare Advantage Plans, leaving 200K Minnesota seniors without health insurance – CBS News

UCare, other carriers dropping Medicare Advantage Plans, leaving 200K Minnesota seniors without health insurance – CBS News

October 22, 2025
With Israel-Hamas Cease-Fire, Some Pro-Palestinian Protesters Look Back at Their Movement, Ruefully – The New York Times

With Israel-Hamas Cease-Fire, Some Pro-Palestinian Protesters Look Back at Their Movement, Ruefully – The New York Times

October 21, 2025
Fusobacterium nucleatum : ecology, pathogenesis and clinical implications – Nature

Unveiling Fusobacterium nucleatum: Exploring Its Ecology, Disease Connections, and Health Impact

October 21, 2025
Escherichia coli with a 57-codon genetic code – Science | AAAS

Escherichia coli Engineered with a Revolutionary 57-Codon Genetic Code

October 21, 2025
LOCALIZE IT: Over 420 anti-science bills target public health protections in statehouses across US – newspressnow.com

More Than 420 Anti-Science Bills Jeopardize Public Health Across the Nation

October 21, 2025
Halloween not your thing? Here’s when Christmas at the Newport mansions will start. – The Providence Journal

Not a Halloween Fan? Find Out When Christmas Magic Begins at the Newport Mansions!

October 21, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (879)
  • Economy (901)
  • Entertainment (21,772)
  • General (17,730)
  • Health (9,942)
  • Lifestyle (913)
  • News (22,149)
  • People (901)
  • Politics (911)
  • Science (16,111)
  • Sports (21,401)
  • Technology (15,880)
  • World (884)

Recent News

Sports Extra: Fall Week 9 – KEYC News Now

Fall Week 9 Highlights: Must-See Sports Moments

October 22, 2025
Jacobson earns program’s first medal at U23 World Championships – nmuwildcats.com

Jacobson Breaks New Ground with Program’s First Medal at U23 World Championships

October 22, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version