What percentage of black Americans in the US are members of the middle class quizlet?

What percentage of black Americans in the US are members of the middle class quizlet?

By that measurement, middle-class families had incomes between $22,000 and $125,000 in the years (2013 to 2017) studied. Black people represent about 13% of the U.S. population, 61.2% of which are middle class.

What percent of the US population is middle class?

Depending on the class model used, the middle class constitutes anywhere from 25% to 66% of households.

How much of the US population is middle class 2020?

In reality, the middle class now makes up just over 50 percent of the total U.S. population, according to a recent report from Pew Research Center, which used 2016 data.

What is the average income in the US per person?

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2015-2019 26.9
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $62,843
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $34,103

What is considered a high salary in the US?

Those making less than $39,500 make up the lower-income bracket, while those making more than $118,000 make up the upper-income bracket.

What is the average credit debt in America?

Consider these statistics about personal debt in America: The average credit card holder has at least 2.7 cards. The average household credit card debt is $5,315. Total U.S. consumer debt is at $14.9 trillion. That includes mortgages, auto loans, credit cards and student loans.

Is it better to pay off credit card debt or to stash away savings?

The best solution could be to strike a balance between saving and paying off debt. You might be paying more interest than you should, but having savings to cover sudden expenses will keep you out of the debt cycle. Additionally, having sufficient savings provides peace of mind.

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