NPR - A just-released analysis of government data shows that as of 2015, middle-income households have become the minority. The trend is so firmly established that it may well continue; Americans have experienced "a demographic shift that could signal a tipping point," Pew researchers concluded Wednesday.
Thanks to factory closings and other economic factors, the country now has 120.8 million adults living in middle-income households, the study found. That compares with the 121.3 million who are living in either upper- or lower-income households. . . .
Pew concluded that back in 1971, about 2 out of 3 Americans lived in middle-income households. Since then, the middle has been steadily shrinking. Today, just a shade under half of all households (about 49.9 percent) have middle incomes.