The Middle Class Is Shrinking. That's Both Good News and Bad News
The Motley Fool
SEPTEMBER 17, 2024
Image source: Getty Images There used to be more Americans in the middle class. In fact, according to recent data from Pew Research, 61% of Americans lived in middle-class households in 1971, while just 51% were in the middle class in 2023. The fact that there are so many fewer middle-class people in the U.S. may seem like a dire catastrophe, especially as a middle-class lifestyle is often considered the dream of people who want a financially stable life with the necessities covered and some mon
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