The first of five major conclusions from a fascinating study by the respected Pew Foundation...
1Middle-income Americans are no longer the nation’s economic majority. In early 2015, there were 120.8 million adults in middle-income households, matched in number by the 121.3 million adults who were in lower- and upper-income households combined.
This is the culmination of a long slide in which the share of adults in middle-income households has fallen from 61% in 1971 to 50% in 2015.
http://www.pewresearch.org/fact-tank/2015/12/10/5-takeaways-about-the-american-middle-class/
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