For some weird definition of "middle", I guess. "Middle class" is a designation without meaning, the kind of label that nearly everyone is eager to claim for themselves. Hardly anybody but the most indigent will admit they are poor, because in the US it's like admitting a moral failure. Otherwise you'd be middle class, just like everyone else.
Is the median $55k household in the US reasonably comfortable, able to have a family and buy a home without frequent financial stress over expenses like buying groceries, filling up the tank, or paying the water bill? If it's true that most Americans could not quickly produce $2000 in an emergency, I find that hard to believe. $55k DINKs are doing okay, but add a couple babies to the mix (not unreasonable for a "solidly middle class" family), and I think you're in for a rough time if you're saving for college and retirement like you ought.
To me, referring to a "middle" when the distribution looks like this is not very useful: https://en.wikipedia.org/wiki/File:Distribution_of_Annual_Ho...
Is the median $55k household in the US reasonably comfortable, able to have a family and buy a home without frequent financial stress over expenses like buying groceries, filling up the tank, or paying the water bill? If it's true that most Americans could not quickly produce $2000 in an emergency, I find that hard to believe. $55k DINKs are doing okay, but add a couple babies to the mix (not unreasonable for a "solidly middle class" family), and I think you're in for a rough time if you're saving for college and retirement like you ought.
http://www.denverpost.com/opinion/ci_22490345/kline-americas...