The Shrinking, And Changing, Middle Class In The US
The number of households that satisfy the income definition for middle class has shrunk by 10% since 1967. The demographics have also changed over time. Married households with children are no longer the largest segment of the middle class. Elderly households, with accumulated savings and benefits, is the fastest growing segment of the middle class. This article provides an excellent description of the changes that have been occurring in the middle class.