A new report by the Pew Research Center highlights a paradox of the American middle class: Most people, no matter where they fall on the economic spectrum, believe they are part of it.
Just ask David Schutt and Elizabeth Gaylord of Berwyn, whose household income is well above the village median, last measured at $43,833. A computer technician and artist, respectively, they enjoy ski trips to Colorado and Wisconsin but are putting off repairing their roof because they are worried about their economic future.
"It's the old story of the rich get richer, the poor get poorer and some middle class scramble up to the top," said Schutt, 50. "But those who don't, they generally find themselves on the down slide."