According to new Bank of America data, what’s considered middle-income might be more — or less — than you think.
The middle-income household earned around $80,000 in 2023, according to the U.S. Census Bureau. However, data from the bank found that this number can greatly differ according to lifestyle factors like marriage and home ownership. Married middle-income households had a median income of around $103,000. Households considered middle-income with two or more income streams reached about $136,000.
Related: Here’s How Much Money You Need to Make to Be ‘Successful,’ According to Each Generation
Gen Z (born after 1995) and millennials (born between 1978 and 1995) comprised a larger share of middle-income
→ Continue reading at Entrepreneur