Pew Report: The American middle class is shrinking & standards of living are slipping. 

The American Middle Class Is Losing Ground
No longer the majority and falling behind financially

After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it. In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined, a demographic shift that could signal a tipping point, according to a new Pew Research Center analysis of government data.1

Read more »  PewResearchCenter
See more » http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/

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