What is considered the middle?
Everyone’s talking about saving America’s middle class. But just who exactly falls into this group?
That’s actually a much more difficult question to answer than it seems. While some experts define the middle class by income, others define it by lifestyle. Still others say it’s a state of mind.
Let’s Take A Look
I’ve spoken to some who’ve considered themselves middle class and they are a bit angry right now because their income has declined but they make to much right now to receive government services and not quite enough to provide adequate resources for their family. So yes, what happens to those in the middle.
White Collar Effect
Unemployment has fallen from its pandemic peak of near 15%, but the rate stood at 8.4% in August, up from 3.5% in February, according to the Bureau of Labor Statistics. Unemployment for the arts, design, media, sports and entertainment was 12.7% in August, more than triple its year-earlier level. In education, it more than doubled to 10.2%. Sales and office unemployment was 7.8% in August, up from 3.8% in August 2019.
Architects and engineers, who earn $1,826 in average weekly pretax income, well above the $1,389 average among full-time wage and salaried workers, have seen unemployment rise to 3.7% from 0.8% a year earlier. Unemployment for computer and math occupations, which earn $1,919 a week on average, more than tripled to 4.6%.