Impoverishment of the Middle Class in America: Middle-income Households No Longer The Majority

obama

‘For the first time in more than four decades, “middle-income households” no longer constitute the majority of American society, according to a study published Wednesday by the Pew Research Center. Instead, the majority of households are either low or higher-income.

The study concluded, “Once in the clear majority, adults in middle-income households in 2015 were matched in number by those in lower- and upper-income households combined.” Pew called its findings “a demographic shift that could signal a tipping point” in American society.

The study also found a sharp fall in household incomes and wealth, particularly for low-income households, noting that only “upper-income families realized notable gains in wealth from 1983 to 2013.”’

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