The middle class is shrinking, are you still part of it? A new tool from Pew Research Center lets you determine your income level — lower, middle, upper — with an online calculator that compares your economic well-being to others nationwide and locally.
Nationwide, the breakdown of income levels looks like this:
- 52 percent middle class
- 29 percent lower class
- 19 percent upper class
In the Bakersfield area, the picture is a bit different, with nearly as many people in the lower class as the middle class:
- 46 percent middle class
- 42 percent lower class
- 12 percent upper class
The study used various factors to determine economic level, including household size and income, and cost of living in the area. Generally, however, the report says middle-income household in America are those with income ranging from $45,000 to $135,000.
Where do you stand?