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Middle class no longer majority in U.S. as richest gain ground

Almost half of aggregate earnings in the U.S. is now commanded by the wealthiest families.

By Victoria Stilwell | Updated on December 10, 2015

(Bloomberg) — In the age of rising income inequality, the task of preserving America’s middle class has been taken on by politicians across the ideological spectrum. A new report from Pew Research Center shows just how much the economic fortunes of this group have changed since the 1970s. 

In every decade since then, the percentage of adults living in middle-income households has fallen, according to Pew, which is based in Washington. The share now stands at 50%, compared with 61% in 1971.

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