Much has been made of America’s vanishing middle class, and it’s true that the divide between the rich and the poor has become increasingly stark over the past several decades. In fact, according to the Pew Research Center, America’s wealth gap has more than doubled from 1989 to 2016. More recently, the COVID crisis further deepened the divide, crushing some under the strain of sudden unemployment, while others paid down debts.
This sudden change in personal finances has led many families to wonder where they stand compared to their peers. The short answer from the Pew Research Center is that in order to be considered middle class, you
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