The article examines the evolving definition of middle class in the U.S., shifting from lifestyle indicators to household income metrics. A typical middle-class household earns between 66% and 200% of the national median income, estimated at around $106,000 for a three-person family in 2022. A Reddit user shares their journey out of poverty into the middle class, attributing their success to disciplined saving and investing strategies. Amid economic challenges like inflation, the article highlights the importance of personal investment and financial planning for achieving financial stability and wealth accumulation.
"The middle class can be rather difficult to define... Nowadays, it's defined more by household income, even if it's not enough to afford a home..."
"Undoubtedly, investing in oneself, saying no to lifestyle creep, saving and investing aggressively, and taking advantage of 401(k) matches... can build significant wealth."
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