Poll: How Do You Define Middle Income?
Both presidential candidates' definitions of "middle income" differ from the U.S. Census. Gov. Mitt Romney says it's $200,000 to $250,00 and less, while President Barack Obama says it's up to $250,000. How do you define it?
During an interview last Friday, Republican Presidential candidate Gov. Mitt Romney told ABC's "Good Morning America" that middle income is "$200,000 to $250,000 and less. "
President Barack Obama's description of middle income is similar. According to the Associated Press, Obama defines middle class as families with income up to $250,000 a year.
Both of these descriptions differ greatly from numbers recently released by the U.S. Census. The real median household income in the United States in 2011 was $50,054, according to the U.S. Census.
In light of the conflicting numbers from politicians and the U.S. Census, we'd like to know how you define "middle income."
Westchae, post a comment below to share your thoughts and join in the discussion.