Personal Finances

by Robert Bird and Frank Newport

Household income and education are strong predictors of Americans' views of what social class they are in, although the terms "lower class" and "upper class" are infrequently used regardless of income or education.

A significant portion of each generation has substantial consumer debt of several different kinds.

Though four in 10 report carrying no consumer debt, Gen Xers -- followed by millennials -- carry considerable debt.