Middle Class Shrinks in 203 of 229 Metropolitan Areas

By: Mike Shedlock | Thu, May 12, 2016
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Hollowing Out of America's Middle Class

Since 2000, the percentage of America's middle class fell in nearly 90% of the nations 229 metropolitan areas according to PEW research.

Those metro areas account for 76% of the nation's population in 2014.

In 160 metro areas the percentage of those with lower incomes rose. In 172 areas the percentage of people in higher income brackets rose. 108 metro areas experienced a rise in upper income and lower income households.

Please consider PEW's study on America's Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas.


Highest Shares

Metropoliton areas with the highest shares of middle-class adults in 2014


Winners and Losers

The 10 metropoliton areas that gained the most in economic status from 2000-2014


Median Incomes Decline Across All Tiers

Median incomes of the middle-class 1999-2014


Definition of Middle Class

Pew's Middle Income Calculator takes into consideration household size and location.

The calculator also let's you compare your income to those of the same education level, race, age, and marital status.


National Numbers

Middle, Barely a majority

The "Middle Class" is barely a majority. Within a few years it likely won't be.

Those seeking an explanation for the massive dissatisfaction of both US political parties have the answer.

 


 

Mike Shedlock

Author: Mike Shedlock

Mike Shedlock / Mish
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Mike Shedlock

Michael "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Visit http://www.sitkapacific.com/ to learn more about wealth management for investors seeking strong performance with low volatility.

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