Middle class Americans ‘no longer majority’
Anmar Frangoul | Special to CNBC.com
CNBC.com
Middle class Americans are now outnumbered by those above and below them and are “falling behind financially”, according to new analysis of government data by the Pew Research Center.
The beginning of 2015 saw 120.8 million adults living in middle-income homes, compared with 121.3 million Americans living in lower and upper income households, a significant shift that “could signal a tipping point.”
According to Pew’s report, the 21st century has seen “middle-income Americans” fall behind financially. The median income of middle income households fell by 4 percent between the year 2000 and 2014, while median wealth – assets minus debts – fell by 28 percent between 2001 and 2013.
In 2015, 9 percent of Americans were seen as being in the highest income tier, “more than double the 4 percent share in 1971.” The percentage of American adults in the lowest income tier has also risen, from 16 percent in 1971 to 20 percent in 2015.
In 2015 12 percent of adults were living in the upper middle tier, up from 10 percent in 1971. Nine percent were seen as being in the lower middle tier, unchanged from 1971.
https://www.cnbc.com/2015/12/10/middle-class-americans-no-longer-majority.html
The article says this has been going on for four decades so why not a picture of all the presidents during that time or are you biased?
no more than you are , if your not getting the bigger government mean less freedom and less economic mobility at this point ,yikes