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.
Read more » PewResearchCenter
See more » http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/
A few months after Abhishek Y. Utekar left Mumbai, India, to start an M.B.A. program at the University of Michigan campus in Flint, his landlord gave him a driving tour of his new home. Dennis Brownfield watched out for his tenants, and he wanted Mr. Utekar to understand the dynamics of a city often defined by deindustrialization and decay. His car provided the first lesson. It was a Honda Civic with a license plate that read “GM LEFT,” a commentary on the 70,000 automotive jobs that have disappeared over the years in this birthplace of General Motors.
Read more » The New York Times
See more » http://www.nytimes.com/2015/11/01/education/edlife/international-students-find-the-american-dream-in-flint.html