Is $250,000 middle class? Hillary Clinton and Bernie Sanders think so - Feb. 18, 2016

Is $250,000 middle class? Hillary Clinton and Bernie Sanders think so - Feb. 18, 2016

Our Terms of Service and Privacy Policy have changed. By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service . by Tami Luhby   @Luhby February 18, 2016: 10:39 AM ET Your price tag for the Obama economy Just who qualifies as middle class has always been tough to pin down. For Hillary Clinton and Bernie Sanders , the middle class extends to those earning up to $250,000 a year. Both have used that figure as the dividing line, raising taxes on those with higher incomes as part of their campaigns to ensure the wealthy pay their fair share. But a deeper look into Americans' income data shows that threshold would let many well-off Americans off the hook. Those with incomes of $250,000 a year are in the top tier of the nation's earners. A household income of $206,600 was enough to get into the Top 5% in 2014, according the latest U.S. Census Bureau statistics. The typical middle class American family, meanwhile, made about $53,700 a year.

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