Two clear divides emerged along traditional markers of wealth
. And from 2010 to 2016, their wealth didn't increase at the higher rate of the upper class, widening the income gap between the two groups.
The affluent shell out more for monthly housing costs. More than three-quarters of the middle class spend less than $2,500 on housing a month, compared to roughly half of the affluent — more than 35% spend over $2,500 a month, versus 7% of the middle class. The middle class also has more student loan debt — nearly half have student loans, compared to 39% of the affluent. Of those that have taken out student loans, more of the middle class than the affluent are still working on paying them off.Having more student loan and credit card debt might be why the middle class isn't as well-prepared for retirement as the affluent — more of whom expect to retire at an earlier age than the middle class.
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