The "middle class"
Legislation before Congress is often for the "middle class," but there is no consensus definition or official government definition of the term, according to a recent paper from the Congressional Research Service (CRS). CRS attempts to give the term some perspective by using income data. In 2005 the median household income was $46,235. Using data in which household income distribution is divided into fifths, or quintiles, CRS considers one definition of middle class to comprise the three middle quintiles, with incomes ranging from $19,178 to $91,705, accounting for 60% of all households and 46.2% of all household income. The paper also discusses the "economics of happiness," related to relative income and self-assessment.
Who Are the "Middle Class"?, CRS Report RS22627 (pdf, 6pp/68kB, from Open CRS), March 20, 2007






