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From to the share of adults living in middle-income households fell in of the U.
The decrease in the middle-class share was often substantial, measuring 6 percentage points or more in 53 metropolitan areas, compared with a 4-point drop nationally. The shrinking of the middle class at the national level, to the point where it may no longer be the economic majority in the U.
The changes at the metropolitan level, the subject of this in-depth look at the American middle class, demonstrate that the national trend is the result of widespread declines in localities all around the country.
That is the maximum number of areas Puma five forces analysis could be identified in the Census Bureau data used for the analysis and for which data are available for both and an accompanying text box provides more detail.
With relatively fewer Americans in the middle-income tier, the economic tiers above and below have grown in significance over time.
The share of adults in upper-income households increased in of the metropolitan areas, even as the share of adults in lower-income households rose in metropolitan areas from to Some metropolitan areas experienced growth in both the lower- and upper-income tiers.
The possibility that a shrinking of the middle class may signal a movement into either the lower-income tier or the upper-income tier is exemplified by the experiences of Goldsboro, NC, and Midland, TX—one community buffeted by broader economic forces and the other buttressed by them.
This was one of the greatest decreases among the metropolitan areas analyzed. But in Midland—an energy-based economy that benefited from the rise in oil prices from to —the shrinking middle class was a sign of financial gains.
Find out with our income calculator. Our new calculator lets you find out which group you are in — first compared with other adults in your metropolitan area and among American adults overall, and then compared with other adults in the U.
The widespread erosion of the middle class took place against the backdrop of a decrease in household incomes in most U. Nationwide, the median income of U. The decline was pervasive, with median incomes falling in of metropolitan areas examined. Generally speaking, middle-class households are more prevalent in metropolitan areas where there is less of a gap between the incomes of households near the top and the bottom ends of the income distribution.
Moreover, from tothe middle-class share decreased more in areas with a greater increase in income inequality. Census Bureau in conjunction with the decennial census data.
The focus of the study is on the relative size and economic well-being of the middle class in U. These areas consist of an urban core and surrounding localities with social and economic ties to the core. A previous report from the Pew Research Center, released on Dec. Thus, they differ slightly from the estimates in this report.
The current and future status of the American middle class continues to be a central issue in the presidential campaign. Moreover, new economic research suggests that a struggling middle class could be holding back the potential for future economic growth.
By definition, they consist of at least one urbanized area with a population of 50, or more people, plus neighboring areas that are socially and economically integrated with the core.The middle class lost ground in nearly nine-in-ten U.S.
metropolitan areas examined The American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas to Milwaukee. From to the share of adults living in middle. Porter’s five forces 1. PORTER’S FIVE FORCES 2.
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