A new report by the Pew Research Center shows that most people believe they're part of the middle class. Three families in Illinois make vastly different incomes but all consider themselves to share a class — a family of five living off of $30,000, a single woman making $60,000, and a couple earning $350,000, all identify their economic state as middle class.
Paul Taylor, the center's project director implied that because of the symbolism, everyone wants to be a part of it: "Being middle class is not only a state of income and assets, it's a state of mind,"It's something to which a lot of Americans have always aspired. It's the emblem of a good life."
Let's see if the findings reflect how you describe the state of your finances.