The Pew Research Center recently released an analysis of America’s shrinking middle class in which it defined the middle class income tier as households earning two-thirds to double the median income for a household of the same size. Nationally, middle class incomes for a household of three are considered those that fall between about $42,000 and $125,000 based on a median annual income of $63,000 for a three-person household in 2014.
Wisconsin maintains a strong middle class compared to other states, a fact that is reflected in slightly higher median incomes for this group. When we consider households in Wisconsin only, and exclude those in other states, the range for middle-class incomes is somewhat higher than the national range.
What is the lower limit of the middle-class income range for a household of three in Wisconsin?
What is the upper limit of the middle-class income range for a household of three in Wisconsin?
Answers: B and C. Median income for a household of three in Wisconsin was $68,052 in 2014, making the range for a middle-class income for a household of this size between roughly $45,000 and $136,000.
— Kristin Runge, UW-Extension; email@example.com; Twitter @RungeKristin
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