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According to Pew Research, the middle class is the most prominent economic class in the United States. As of the end of 2023, over 52% of Americans were considered middle class.
The reason that the middle class is shrinking is because more people have moved into the upper class. In 1971, just 11% of people in the U.S. lived in upper-income households.
Decade by decade, America's middle class has been shrinking over the past 50 years as rising inequality pushes more Americans out of the middle and into the upper and lower income brackets.
The median wealth of married couples exceeds that of single individuals, regardless of gender and across all age categories. [11]It is impossible to understand people's behavior…without the concept of social stratification, because class position has a pervasive influence on almost everything…the clothes we wear…the television shows we watch…the colors we paint our homes in and the ...
The middle class is often synonymous with having enough money to take care of all your basic expenses without struggling too much, but not having so much that you're wealthy either. Many people ...
Charles Weston [5] summarizes the middle-class squeeze in this way: "Being middle class used to mean having a reliable job with fair pay; access to health care; a safe and stable home; the opportunity to provide a good education for one’s children, including a college education; time off work for vacations and major life events; and the ...
The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the ...
Though the American middle class does not have a definitive definition, [1] contemporary social scientists have put forward several ostensibly congruent theories on it. . Depending on the class model used, the middle class constitutes anywhere from 25% to 75% of hous