This report originally appeared in the August 2013 print issue of Kids Today
Fifty-one percent of adults in the U.S. define themselves as middle class, compared with 56% twenty years ago and 61% forty years ago, according to a study by the Pew Research Center. Pew defines the middle tier as those living in households with an annual income that is 67% to 200% of the national median; the upper tier are those living in households above the 200% threshold, and the lower tier are those living below the 67% threshold.
This report also includes youth furniture buying trends by income level from Kids Today's 2013 Consumer Buying Trends Survey. In 2012, 5.1 million consumer households shopped for youth bedroom and 57% of shoppers, 3.6 million, actually purchased, spending $5 billion at retail. Those figures derive from Kids Today's 2013 Consumer Buying Trends Survey. The exclusive, nationally-representative survey asked 3,000 U.S. households what furniture they bought in 2012 and how much they spent.
This material may not be published, broadcast, rewritten or redistributed in whole or part without the express written permission of Progressive Business Media.