Demise of the U.S. middle class now official

From Naked Capitalism:

 study by Pew gives a new look at the fall of the middle class and how the accompanying rise in income stratification is playing out.

The Financial Times headline is uncharacteristically dramatic: America’s Middle Class Meltdown: core shrinks to half of US homes. And I find their infographic that charts the the shrinkage of the middle class cohort over time to be more informative than the Pew charts that presented the same information; we are partially replicating it by showing the starting and end shots:



http://www.nakedcapitalism.com/2015/12/demise-of-the-us-middle-class-now-official.html