H&R Block: “Twenty million tax returns tell us they’re not who they used to be. Middle America—households with income between $45,000 and $145,000—describes most of us. This year’s Outlook on American Life report provides eye-opening insights on some of the less visible forces shaping the economy. It tells the story of two Middles, Millennials and Baby Boomers, revealing how they live and work, their concerns, and how they see their income prospects going forward. Not surprisingly, their lifestyles differ, but their outlook and many of their choices converge—and neither Middle behaves as middle-income earners did just 20 years ago. We know because we’ve been assisting Middle Americans since 1965. Last year, Block helped 20 million people—most of them in the middle-income bracket—file their taxes. Every year, all year long, we help our clients hold onto more of their income. But let’s first dig into our insights. Think Middle Americans are married with two kids and a mortgage? Working 9 to 5? Retiring at 65? Keep reading to learn more:”

• Link to full report – 20 pages