{"id":4492,"date":"2026-09-14T07:18:37","date_gmt":"2026-09-14T07:18:37","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=4492"},"modified":"2026-09-14T07:18:37","modified_gmt":"2026-09-14T07:18:37","slug":"americans-earning-more-than-155000-feel-working-class-a-sign-of-the-affordability-crisis","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=4492","title":{"rendered":"Americans earning more than $155,000 feel &#8216;working class&#8217;\u2014a sign of the affordability crisis"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/09\/GettyImages-114091194.jpg?w=2048\" \/><\/p>\n<p>Sixty percent of Americans identify as \u201cworking class\u201d\u2014including millions of top earners who believe their economic struggles now match a term long reserved for low-income workers.<\/p>\n<div>\n<p class=\"wp-block-paragraph\">A new Pew Research Center analysis, based on a survey conducted in January 2026, found that 60% of U.S. adults say the term describes them well, and half of college graduates agree.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWorking class\u201d has long been an ambiguous label for low-income earners, people without four-year degrees, and blue-collar workers. But according to the study, half of upper-income adults\u2014those earning above $155,600 annually\u2014now also see themselves as working class. That income would have placed them firmly in the upper middle class in the early 2000s.<\/p>\n<p class=\"wp-block-paragraph\">The numbers were up across the board from just two years ago, when the Pew Research Center\u2019s 2024 study found that 54% of Americans identified with the term \u201cworking class.\u201d Researchers found that the 6-point uptick held across many demographic, socioeconomic, and political groups.<\/p>\n<p class=\"wp-block-paragraph\">Even wealthier and more educated people have begun to feel the squeeze as inflation continues to erode Americans\u2019 paychecks while wage growth fails to keep up. Ordinary purchases like groceries have become harder to afford, putting the American Dream more out of reach than ever.<\/p>\n<p class=\"wp-block-paragraph\">Affordability has become a major talking point in the run-up to the November midterms, with each party trying to court working-class voters. The cost of living has been a primary concern for voters who have watched their gas bills rise after the Iran war sent gasoline and diesel prices to record highs.<\/p>\n<p class=\"wp-block-paragraph\">Middle-income and even high earners may now feel their experiences mirror struggles traditionally associated with the \u201cworking class,\u201d as milestones like homeownership have become even harder to achieve.<\/p>\n<p class=\"wp-block-paragraph\">A study by Investopedia found that achieving the American Dream\u2014a house in the suburbs, two children, and a car\u2014costs $4.4 million, more than $1 million more than most Americans will earn in their lifetimes.<\/p>\n<p class=\"wp-block-paragraph\">The median price of a new single-family home in the first quarter of 2026 was $403,200, according to the National Association of Home Builders. This marks the fourth consecutive quarter in which existing home prices have exceeded new home prices. The typical U.S. homebuyer is now 59 years old, up from 39 just 15 years ago, and the median first-time buyer has climbed to a record 40.<\/p>\n<h2 class=\"wp-block-heading\">Young people give up on the American Dream<\/h2>\n<p class=\"wp-block-paragraph\">Gen Z graduates have borne the brunt of these economic fears, saddled with record college debt and facing a historically difficult entry-level job market. The most recent data from the New York Fed shows that recent graduates were unemployed at a rate of 5.7% in June, the highest in more than four years. Many are anxious that AI will make the job market even more uncertain\u2014part of what Fortune has described as a \u201cgreat postponement\u201d of the traditional American Dream.<\/p>\n<p class=\"wp-block-paragraph\">Only 21% of young people today think the American Dream is achievable for them, down from over 50% just a decade ago.<\/p>\n<p class=\"wp-block-paragraph\">A 2025 Harris Poll\u00a0survey\u00a0found that 64% of six-figure earners said their once-high income is no longer a marker of success, but the bare minimum to stay afloat. It\u2019s a strain Fortune has tracked as even workers earning $500,000 a year report living paycheck to paycheck, and as six-figure households increasingly say buying a home feels unattainable.<\/p>\n<p class=\"wp-block-paragraph\">\u201cOur data show that even high earners are financially anxious\u2014they\u2019re living the illusion of affluence while privately juggling credit cards, debt, and survival strategies,\u201d Libby Rodney, the Harris Poll\u2019s chief strategy officer, wrote in a statement.<\/p>\n<p class=\"wp-block-paragraph\">According to the Harris Poll, these top earners are pinching pennies just like many of their lower-income counterparts.<\/p>\n<p class=\"wp-block-paragraph\">Fifty percent have used \u201cbuy now, pay later\u201d plans for purchases under $100, and 45% have delayed medical care because of the cost. Many also use rewards points to pay for essentials or rely on credit cards to make ends meet.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe illusion of wealth is exhausting: Many top earners say people assume they can afford it all, yet behind the image of success are quiet sacrifices,\u201d the report explains.<\/p>\n<\/div>\n<p>#Americans #earning #feel #working #classa #sign #affordability #crisis<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sixty percent of Americans ide&hellip; <\/p>\n","protected":false},"author":1,"featured_media":4493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1397,1322,2461,7495,1146,1458,6517,1968,536,637,176,224,208,1997,1411],"class_list":["post-4492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-affordability","tag-americans","tag-baby-boomers","tag-classa","tag-cost-of-living","tag-crisis","tag-earning","tag-feel","tag-gen-z","tag-housing","tag-inflation","tag-millennials","tag-retirement","tag-sign","tag-working"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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