Say goodbye to the middle class, or at least, that’s what a majority of Americans believe. The U.S. middle class is shrinking, and more Americans don’t believe they will achieve that way of life, according to a study released on
August 23, 2012

Say goodbye to the middle class, or at least, that’s what a majority of Americans believe. The U.S. middle class is shrinking, and more Americans don’t believe they will achieve that way of life, according to a study released on Wednesday by the Pew Research Center. Only 51 percent of all adults are considered middle class, down from 61 percent in 1971, but the study did find that part of the shrinkage came from more people joining the upper classes, which now represent 20 percent of the nation, up from 14 percent in 1971. But those aren't all of the gains: the lower-income group rose to 29 percent of all adults, up from 25 percent in 1971.

Can you help us out?

For nearly 20 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.
Mastodon