03.07.23 Tom and Shane: If You’re In The Middle Class You’re Doing Fine

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Contrary to popular belief, the Middle Class is doing quite well post-pandemic. In the first year of the pandemic, middle-class families received an average market income of $57,218 from wages, retirement, and more. More employees are getting vacation time, sick leave, retirement benefits, and paid family leave than in 2010. Wealth fell for all income quintiles except the bottom 20% over the first three quarters of 2022. The net worth of the middle class averaged $10.3 trillion, or about $393,000 per household, in the first three quarters of 2022. Tom and Shane update the Middle Class in America.  

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