There isn’t one American middle class; there are four. Each is different from the others in its attitudes, outlook and financial circumstance—sometimes in ways that defy traditional stereotypes of the middle class.
When it comes to anxiety about family finances, an old truism applies: Where you stand depends on where you sit. Or, more precisely, on where your house or apartment sits.
Only 13% of adults say it’s “very important” for them to be wealthy, ranking this personal priority far behind six others measured in a new survey .
Americans feel stuck in their tracks. A majority of survey respondents say that in the past five years, they either haven’t moved forward in life or have fallen backward.