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Report: Middle class paychecks are higher, but budgets still tight

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The middle class may be slowly bounding back from the Great Recession, but they’re still struggling.

According to the International Business Times, though middle class families have seen a pay bump, their median salaries, when adjusted for inflation, are lower than they were before the recession.

The median income for a middle class family is $53,981, up 3.8 percent. However, the median is still 4.8 percent lower than it was in December 2007.

Some of the income issues stemmed from the job market during the Great Recession, when companies were paying about 23 percent less then they did before the economic dip.

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