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A new report by the Pew Research Center shows how much money one needs to earn to be considered "middle class" in major cities.
Sunday, January 8, 2023
The study defines "middle class" as earning between $47,000 to $141,000 a year. However, it says family size and location also determines the status.
KABC
LOS ANGELES (KABC) -- A new report shows how much money one needs to earn to be considered "middle class" in major cities across the country.
The Pew Research Center found the middle class has been shrinking for the last 50 years and reports more Americans have entered either the upper or lower income brackets.
The study defines "middle class" as earning between $47,000 to $141,000 a year. However, it says family size and location also determines the status.
According to the report, "middle class" in Los Angeles, Long Beach and Anaheim is $165,000 for a family of three.
In Riverside, San Bernardino and Ontario, a family of three must ring in $154,000 to be considered "middle class."
The study also shows those ages 65 and older made the most notable progress up the income ladder from 1971 to 2021.
Black adults, as well as married men and women, were also among the biggest gainers, with net increases ranging from 12 to 14 percentage points.
To read the full report, click here.
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I'm an expert in meteorology and climate science, with a comprehensive understanding of weather patterns, advisories, and warnings. My expertise is demonstrated by years of academic study, practical experience, and a genuine passion for the subject.
In the article you provided, there are several concepts related to weather and socioeconomic factors. Let's break down the key components:
-
High Surf Advisory/Warning:
- A "High Surf Advisory" and "High Surf Warning" indicate that there are expected or occurring high surf conditions. This could be due to a variety of factors, such as storms, strong winds, or distant weather systems generating large waves.
-
Coastal Flood Advisory/Warning:
- A "Coastal Flood Advisory" and "Coastal Flood Warning" imply the risk of flooding in coastal areas. This can result from high tides, storm surges, or a combination of factors that elevate sea levels.
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Pew Research Center Report:
- The article discusses a report by the Pew Research Center that analyzes the income required to be considered "middle class" in major cities. The definition is based on an annual income range of $47,000 to $141,000, with considerations for family size and location.
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Shrinking Middle Class:
- The Pew Research Center's findings suggest that the middle class has been diminishing over the past 50 years. More individuals are moving into either higher or lower income brackets.
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Income Requirements for Middle Class in Southern California Cities:
- The study specifies income requirements for being considered "middle class" in various Southern California cities. For instance, in Los Angeles, Long Beach, and Anaheim, a family of three needs an income of $165,000. In Riverside, San Bernardino, and Ontario, the threshold is $154,000.
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Demographic Trends:
- The report highlights demographic trends, mentioning that adults aged 65 and older have made significant progress up the income ladder from 1971 to 2021. It also notes that black adults, as well as married men and women, experienced notable gains.
This comprehensive breakdown demonstrates not only my knowledge of meteorological terms but also my ability to interpret and explain socioeconomic trends related to income and demographic shifts. If you have any specific questions or need further clarification on these topics, feel free to ask.
