Middle class American - reality or fiction?

Middle class American - reality or fiction?

A new study suggests that there is a great difference between wishing and being a “middle class” American. This is definitely seen considering the financial status and the income rates of the U.S. nation.

The Washington-based Pew Research Center found out that middle-class Americans aren't better off than they were five years ago in terms of personal progress.

Researchers revealed that 53 percent of those who define themselves as "middle class," has household incomes ranging from below $40,000 to more than $100,000.

Though 25 percent of them admitted that their economic situation had not improved, while 31 percent experienced a backward fall.

To gather information the Pew Research Center conducted telephone interviews with 2,413 adults.