Study Ranks Region High in Middle-Income Share
YOUNGSTOWN, Ohio – Sixty percent of adults in the Youngstown-Warren-Boardman (and Mercer County, Pa.) statistical metropolitan area can be classified as middle-income, making the region the 10th highest in the nation in terms of middle-income share.
That’s one of the findings contained in the Pew Research Center’s new study, “America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas.”
The Pew study, released May 11, finds, “The middle class lost ground in nearly nine-in-10 U.S. metropolitan areas examined.”
Middle-income adults are defined as adults who live in households with incomes two-thirds to double the national median size-adjusted household income, or about $42,000 to $125,000 annually in 2014 for a three-person household.
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Copyright 2024 The Business Journal, Youngstown, Ohio.
