Pew: American Middle Class No Longer The Majority
- 8 years ago
A recent analysis of federal data by the Pew Research Center shows that the U.S. middle class has substantially lost ground to those on the higher end of the economic spectrum.
The American middle class is no longer the majority.
A recent analysis of federal data by the Pew Research Center takes stock of the stunning sea change in the U.S. economic landscape.
Pew writes, "In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined. The nation’s aggregate household income has substantially shifted from middle-income to upper-income households, driven by the growing size of the upper-income tier and more rapid gains in income at the top."
In percentage terms over time, 61% o
The American middle class is no longer the majority.
A recent analysis of federal data by the Pew Research Center takes stock of the stunning sea change in the U.S. economic landscape.
Pew writes, "In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined. The nation’s aggregate household income has substantially shifted from middle-income to upper-income households, driven by the growing size of the upper-income tier and more rapid gains in income at the top."
In percentage terms over time, 61% o