Did you know that there are four types of middle class?

My Economics professor told us that there are two types of middle class - upper and lower. I stuck to that concept until I found out from Pew Research Center that there are four - in America. No, they're not upper, upper middle, lower and low lower. Here's the list:

Top of the Class. It's the largest of the four groups, comprising slightly more than a third of the 53% of Americans who identify themselves as "middle class" in the Pew survey.

Struggling Middle. Life is considerably tougher for this group disproportionately composed of women and minorities. In fact, many members of the Struggling Middle have a lower median family income than Americans who put themselves on the lowest rungs of the social ladder. About one-in-six self-identified middle class Americans fall into the Struggling Middle.

The Satisfied Middle has everything but money; their comparatively modest incomes have not muted their sunny outlooks or overall satisfaction with their lives. This group is disproportionately old and disproportionately young; middle aged adults are relatively scarce in the Satisfied Middle. They make up a quarter of the middle class.

Call them the Anxious Middle; they make up slightly less than a quarter of all middle class Americans. By the conventional yardsticks of income, education, age, employment and family status, the fourth middle class group is the most middle class of all--and the most dissatisfied and downbeat of the four groups. While they enjoy some of the economic advantages of the Top of the Class, they express many of the same bleak judgments about their lives as those in the Struggling Middle.

Read the rest of the article here.

Can you identify where you are?

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