Are you a member of the middle class? This tool will tell you…

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Are you a member of the middle class? This tool will tell you…
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The middle class has had it rough for a while. Politicians will debate for hours on topics ranging from the economy in general, to jobs and incomes across the country, playing into the frustrations of people at all economic levels. 

But what is really happening in America today when it comes to the middle class? 

Read more: 5 ways to get a great paying job with minimal education

The middle class keeps shrinking

According to new data from the Pew Research center, the middle class is indeed shrinking — and has been for decades.

A strong middle class is key to a strong economy — as job growth, income growth and other factors impact bigger economic growth by way of increased spending power, entrepreneurship and more. 

Are you a member of the middle class? This calculator will tell you
 

According to Pew’s data, while Americans say some defining factors for being middle class include a secure job and the ability to save money, a surprising majority of people (69%) do not believe that a college education has much to do with being middle class — even though those who have a bachelor’s degree tend to earn significantly more than those who don’t. Additionally, a majority (57%) do not see home ownership as a defining factor for being middle class. 

Are you in the middle class?

The Pew Research Center has a new calculator that will tell you where you stand economically based on household income and locality. So if you want to find out if you are a part of the middle class, take the quiz below!

Even if you’re not satisfied with where you are currently, there are things you can do to change your financial picture. Investing in education, applying for different jobs that pay better and comitting yourself to lifelong learning can help you take hold of opportunities whenever they come your way. Whether or not the economy rises or falls, you DO have a say in your financial future, and the choices you make matter when it comes to your finances! 

If you want to change your financial picture, check out the below resources that may be able to help: 

Read more: How these 5 people escaped poverty​

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Charis Brown About the author:
Charis Brown is the Senior Deals Editor for ClarkDeals.com. Her favorite discount store is Nordstrom Rack, where she once bought something for $.01! She and her husband Justin paid off $27,000 of debt in 11 months and now live debt-free.
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