The Lost Decade of the Middle Class: Fewer, Poorer, Gloomier

Source: Paul Taylor, Rich Morin, D’Vera Cohn, Cary Funk, Rakesh Kochhar, Richard Fry, Pew Research Center, August 22, 2012

…Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some–but by no means all–of its characteristic faith in the future. These stark assessments are based on findings from a new nationally representative Pew Research Center survey that includes 1,287 adults who describe themselves as middle class, supplemented by the Center’s analysis of data from the U.S. Census Bureau and Federal Reserve Board of Governors….

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