More than half of U.S. adults — 52% — lived in middle-income households as of 2022. Were you among them?
A recently updated calculator from the nonprofit Pew Research Center can help you find out. It tells you whether you are considered middle-class, upper-class or lower-class.
Data from 2022 has been added to the calculator, which tells you how your socioeconomic status compares with that of:
- American adults overall
- Other adults in your metropolitan area
- Other adults in the United States who are similar to you in terms of education level, age, race or ethnicity, and marital status.
To find out your status, go to the calculator page at the Pew website. You’ll be asked to enter a few basic details, including your:
- State and metro area
- Income before taxes
- Household size
- Education
- Age
- Race/ethnicity
- Marital status
Pew notes it does not store or share any of your information.
In addition to the 52% of households that qualified as middle-income in 2022, about 28% were lower-income and 19% were upper-income.
How to get rich
If you qualify as middle-class, congratulations. But why stop there?
Getting rich is not easy, but it is achievable for almost anyone. If you make the right choices in the short run, it can pay tremendous dividends over the long haul.
That’s even true in tough economic times. As Money Talks News founder Stacy Johnson has written:
“Wealth is realized when the economy is booming. But wealth is created when times are tough, unemployment is high, everybody’s freaking out, and there’s nothing but economic misery on the horizon.”
Stacy goes into more detail on that thought — and offers many other wealth-building tips — in “The 10 Commandments of Wealth and Happiness.”
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