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Heres a closer look atwhat it means to be middle class today.
However, thisdiffers by circumstances, including family status.
Married middle-income households had a median income of about $103,000.
It could also be that older middle-income households have recently retired, leaving more younger households in the workforce.
Most Americans, including those earning middle incomes, own a home, Wadford said.
There are several factors that could be attributed to this increase, according to the analysis.
One is an improvement in wage growth.
Another factor is the higher cost of living, which necessitates higher spending.
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