Are you a middle class grandmaster?
The Middle Class, according to PewResearch.org, just over half of Americans are middle class, about 30% are lower class, and nearly 20% are upper class. This is information from 2018, so I’m guessing for 2021 things are a bit different.
For Maine, 56% belong to the middle class, 29% belong to the lower class and 56% and 15% belong to the upper class. It’s no big surprise that Maine’s middle class has a larger than the national average and that these numbers are taken out of the upper class numbers.
Middle income is “income that accounts for two-thirds to double the median household income in the United States, with incomes ranging from approximately $ 48,500 to $ 145,500 in 2018.” This is for a household of three in their region of origin. Low-income households had incomes below $ 48,500 and high-income households over $ 145,500. Since this is based on a few factors including where you live, you can calculate exactly how it works for you and your situation on PewResearch.org.
It was a little surprising how high the income level is for the lower class of $ 48,500 and under. In Maine, the median household income is $ 57,900, and remember this is a figure for 2019.
This is different from the poverty levels in Maine and for a family of three, it’s $ 20,780 according to maineanencyclopedia.com.
It is too early to have these numbers as of 2020 and how the pandemic has affected that. But as we’ve all seen, the pandemic has been, economically, very good for some and very, very devastating for others.