by: Aaron Smith
Wednesday, August 22, 2012
Middle class losing wealth, income and faith

This shows the middle income for the lower, middle, and upper classes from 1971 as compared to 2011. Photo Credit:Pew Research Center

The middle class is struggling to survive and shrinking before our eyes, the Pew Research Center reported on Wednesday. …

“It 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,” [the Pew Research Center said in its report.] …

While incomes across all class levels declined for the first time since World War II, the middle class saw the biggest decline, with a median income for a four person household declining to roughly $70,000 in 2010 from about $73,000 in 2001, the report said.

Read more:http://times247.com/articles/middle-class-falls-further-behind#ixzz24LtRniN3


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