Tag: middle income
Increasingly, commentary and studies are focusing on the trends in retirement well-being over the last decade. Last week’s blog post showed that the wealth for households in the middle of the wealth distribution actually declined for Late Boomers in their early 50s compared to that for earlier cohorts at a similar age. I was…
Some think in terms of household income of $250,000; the answer is $60,000. All the rhetoric surrounding the coming tax reform proposals says that the changes will benefit the middle class. The question is what income group constitutes the middle class? Many politicians have adopted household income of $250,000 as a meaningful demarcation point for…
