A Closer Look

US – The middle-class is shrinking Pew Research finds

The share of Americans who live in middle class households is shrinking. The share of U.S. adults living in middle-income households fell to 50% in 2015, after more than four decades in which those households served as the nation’s economic majority. And the financial gaps between middle- and upper-income Americans have widened, with upper-income households holding 49% of U.S. aggregate household income (up from 29% in 1970) and seven times as much wealth as middle-income households (up from three times as much in 1983). Most Americans say the government doesn’t do enough to help the middle class, and neither political party is widely viewed as a champion for middle-class interests.

Chosen excerpts by Job Market Monitor. Read the whole story at  10 demographic trends that are shaping the U.S. and the world | Pew Research Center

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