Battered Middle Class Reports Struggling, Stalling

Those with college educations doing far better than others
By Kevin Spak,  Newser Staff
Posted Mar 15, 2010 1:55 PM CDT
Battered Middle Class Reports Struggling, Stalling
A man arrives home at the Riverton Houses apartment complex in New York in this file photo. The historic middle-class Harlem apartment complex was recently sold in a foreclosure sale.   (AP Photo/Bebeto Matthews, File)

(Newser) – The middle class is feeling the pinch. Of the 45% of Americans who consider themselves middle class—a fraction that's pretty much held steady for 4 decades—four in 10 say they’re struggling to remain there, according to a new ABC News poll. The biggest factor: education. Among those with college degrees, 75% said they were “comfortably” middle class and 25% were struggling; among those without degrees, 49% said they were struggling.

story continues below

The average income for those who consider themselves middle class is $55,000 a year, compared to $35,000 for working class, though many far poorer or richer than that still considered themselves middle class. A mere 6% of the self-identified middle class foresees attaining upper-class status. Among those with middle income, 28% said someone in their household had lost a job in the past year; among those whose incomes are lower, that figure jumped to 39%. (Read more middle class stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.