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	<title>Back Seat Marketers &#187; Middle Class</title>
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		<title>Who really is the Middle Class?</title>
		<link>http://backseatmarketers.com/2008/10/07/who-really-is-the-middle-class/</link>
		<comments>http://backseatmarketers.com/2008/10/07/who-really-is-the-middle-class/#comments</comments>
		<pubDate>Tue, 07 Oct 2008 13:49:11 +0000</pubDate>
		<dc:creator>cory</dc:creator>
				<category><![CDATA[Marketing Strategy]]></category>
		<category><![CDATA[Middle Class]]></category>

		<guid isPermaLink="false">http://backseatmarketers.com/2008/10/07/who-really-is-the-middle-class/</guid>
		<description><![CDATA[
from psuedopop via Flickr
The Pew Research Firm is helping define the middle class. A battle ground for politics is also so critical for marketers to understand.
Per the Pew summary, here&#8217;s a portrait:
12 Percentage of the middle class that say &#8220;being wealthy&#8221; is very important to them.
14 Percentage of middle class that lost their jobs in [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://backseatmarketers.com/wordpress-BSM/wp-content/uploads/2008/10/2896425648_599ca36f50.jpg" alt="Psuedopop via Flickr" /><br />
<a href="http://www.flickr.com/photos/pseudopop/2896425648/in/pool-31355197@N00" target="_blank">from psuedopop via Flickr</a></p>
<p>The Pew Research Firm is helping define the middle class. A battle ground for politics is also so critical for marketers to understand.</p>
<p>Per the <a href="http://pewresearch.org/pubs/983/middle-class-by-the-numbers" target="_blank">Pew summary</a>, here&#8217;s a portrait:</p>
<p>12 Percentage of the middle class that say &#8220;being wealthy&#8221; is very important to them.</p>
<p>14 Percentage of middle class that lost their jobs in the past year &#8212; about half the proportion that fear they&#8217;ll lose their job in the year ahead.</p>
<p>29 The percentage increase in the inflation-adjusted median net worth of middle-income families from 1983 to 2004. During that same period, the net worth of upper-income families grew by 123%, or four times faster.</p>
<p>33 Percentage of Americans with family incomes of $150,000 or more who say they are middle class.</p>
<p>39 Percentage of the middle class who say they are &#8220;living comfortably.&#8221; About a quarter &#8212; 23% &#8212; say they are just able to meet expenses or fall short.</p>
<p>40 Percentage of middle-class homeowners who have paid off less than half of the money they owe on their homes.</p>
<p>41 Percentage of Americans who say they are better off now than they were five years ago, the smallest percentage in more than four decades.</p>
<p>41 Percentage of Americans with family incomes of less than $20,000 who say they are middle class.</p>
<p>53 Percentage of all Americans who identify themselves as middle class.</p>
<p>55 Percentage of Baby Boomers who say their income won&#8217;t keep up with the cost of living in the coming year, a view shared by significantly smaller proportions of younger (44%) or older (43%) adults.</p>
<p>67 Percentage of the middle class who say they are doing better than their parents. But only about half (49%) expect their children to do better than they&#8217;re doing, down from 61% in 2002.</p>
<p>68 Percentage of middle-class Americans who say &#8220;having enough time to do the things you want&#8221; is a very important priority in their lives. Other priorities in this survey scored lower: having children (62% rate this very important), having a successful career (59%), being married (55%), doing volunteer or charity work (52%), leading a religious life (53%), and being wealthy (12%)</p>
<p>79 Percentage of adults who say it is harder now than it was five years ago for the middle class to maintain its standard of living, up from 65% in 1986.</p>
<p>89 Percentage of employed middle-class Americans who are satisfied with their job, including 34% who are &#8220;completely satisfied.&#8221;</p>
<p>$52,285 The median family income of Americans who identify themselves as middle class.</p>
<p>$70,000 The median family income that Americans say is necessary for a family of four to live a middle-class lifestyle in their communities.</p>
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