Middle Class Shrinks

Submitted by ub on Wed, 12/09/2015 - 19:58

After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it. In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined, a demographic shift that could signal a tipping point, according to a new Pew Research Center analysis of government data.

The silent majority middle class is shrinking in USA. The notion that the middle class is shrinking is extremely controversial because the economic boundaries that define the middle class vary.

Households that earn between $25,000 and $75,000 represent approximately the middle half of the income distribution tables provided by the U.S. Census Bureau.

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