Are We Losing The Middle Class?

     In many capitalist economies, the middle class feel an economic definition is largely based on the lifestyle you can afford. A nice house in the suburbs, two cars, good schools for kids and a couple of weeks of vacation in a warm and sunny, the rewards for traditional middle-class status.

     In recent years, however, the decline of the middle class was the substance of the new titles. So who is the middle class, and how much money is needed to win to reach the East? Interestingly, experts do not agree on a standard, although most people in America believe they are in this category. Regardless of how one measures the average, however, is simply not possible for everyone to be there. In this article we will examine what "middle class" really means, examines why the number of members of this class may shrink and give you some tips to help keep their place.

A look at the top and bottom

     At the top of the income scale, $ 180 000 is the lower limit of the top 5%. The average income of households in the top 5% was $ 294 709. We can assume that half of all households earned above a 5% increase.

     In the bottom of the scale of the data from the U.S. Department of Health and Human Services poverty guidelines used to define poverty. Statistics based on income and number of people in the house. The lowest income category rankings from Census Bureau survey is about the same with the U.S. government definition of poverty, family of three.

Tips to get to the East (and stay)

     Although there are several arguments about the definition of the middle class, no one disputes that highly educated white-collar professionals tend to have a place in the ranking. University education has been and still is often considered the best way to young to enter the ranks of the middle class. Thanks to globalization and advertising is a goal shared by students from California to China - and most places in between.