Middle class share of America's income shrinking
WASHINGTON (AP) – The share of the nation’s income earned by the middle class has fallen to its lowest level in recent decades. It’s been surpassed by affluent earners as median wages stagnate and wealth concentrates at the top in a relatively weak economy.
A study by the Pew Research Center highlights the diminished share for the roughly half of U.S. adults who define themselves as “middle class,” with incomes ranging from $39,000 to $118,000.
In all, 85 percent of middle-class Americans say it is more difficult now than a decade ago to maintain their standard of living.