Story perspectives

Upper Middle Class Now 31% of U.S. Households

4/8/2026

Summary

Story summary

The American Enterprise Institute reports the U.S. upper middle class accounts for 31% of households, the largest income group, up threefold since 1979.
The shift signals upward mobility as fewer households remain in the core or lower middle class.
The economy shows a K-shaped recovery, with higher-income households spending more while lower-income households struggle.
Scott Winship, a co-author, notes that perceptions of personal finances often diverge from broader economic realities.

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Story summary

The American Enterprise Institute reports the U.S. upper middle class accounts for 31% of households, the largest income group, up threefold since 1979.
The shift signals upward mobility as fewer households remain in the core or lower middle class.
The economy shows a K-shaped recovery, with higher-income households spending more while lower-income households struggle.
Scott Winship, a co-author, notes that perceptions of personal finances often diverge from broader economic realities.