Understanding the Middle Class in 2025

What percentage of the United States considers a $150,000 salary as middle class?

• 50%

• 75%

• 46%

• 23%

What is the annualized growth rate of average hourly earnings from Q4 2019 to Q1 2025?

• 0.45%

• 3.0%

• 2.5%

• 1.31%

According to the Pew Research Center, what is the range for middle-class household income?

• $90,000 to $250,000

• $50,000 to $150,000

• $70,000 to $212,000

• $80,000 to $200,000

How many years of median income did it take to afford a home in 1974?

• 7.32 years

• 2.5 years

• 3.6 years

• 5 years

What is the median home price in Hawaii as of May 2024?

• $1.549 million

• $645,000

• $416,900

• $288,000

In which city would a $150,000 salary be considered low income due to high living costs?

• Fresno

• Kansas City

• Sacramento

• San Francisco

What is the median listing price of a home in Kansas City?

• $1.549 million

• $416,900

• $645,000

• $288,000

What is one strategy mentioned for managing higher costs?

• Invest in a Roth IRA

• Increase discretionary spending

• Avoid job switching

• Ignore insurance costs

How much can you contribute annually to a Roth IRA as of this year?

• $5,000

• $6,000

• $7,000

• $8,000

What is a benefit of switching jobs according to the video?

• Decreased salary

• Longer commute

• Increased job security

• Opportunity to renegotiate pay