New Study Shows Average U.S. Worker Needs 53 Weeks In A Year Just To Earn “Middle Class” Lifestyle
A new study by Oren Cass at the Manhattan Institute confirms that a 52 week year just doesn’t cut it for the average American worker looking to simply make a “middle-class” life for themselves. For women, the news is even worse: it requires 66 weeks to earn a middle class lifestyle.
These figures compare wildly to 1985, when males at the median weekly wage needed to work only 30 weeks and women only needed to work 45 weeks, according to Bloomberg.
The paper tried to compile a “cost of thriving” index for the purposes of gauging quality of life. The “middle class” is defined as a 3 bedroom house just below the mid range of market prices, family health insurance, costs associated with a vehicle and a semester at public college.