Is The Middle Class Disappearing?
The Pew Research Center found there are fewer people in the middle class now than there were 1971.By Ryan Biek | December 10, 2015
The middle class is shrinking, but should that be cause for fear?
New data from the Pew Research Center shows the number of middle-income earners has slid by 11 percentage points –– from 61 percent in 1971 to 50 percent today.
However, this might not necessarily be all bad. Higher- and lower-income households have both grown, but the upper class has grown more, which could be seen as a sign of progress.