America’s vanishing middle class: Group shrank dramatically in 90% of metropolitan areas since 2000 as wealth gap widens
Middle class Americans are now a minority in 25% of metro areas
In 2000, the group made up majority in 90% of metro areas
The shrink reflects widening wealth gap that could hamper social mobility
Both the higher class and the lower class have grown since 2000
It has given a lift to candidates like Donald Trump and Bernie Sanders
DailyMail.com
12 May 2016
In cities across America, the middle class is hollowing out.
A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle.
The shift, recorded in a new report released on Wednesday by the Pew Research Center, reflects a long-term erosion from 2000 to 2014.
Over that time, the middle class shrank in nine out of every 10 metro areas, Pew found.
Middle class adults now make up less than half the population in such cities as New York, Los Angeles, Boston and Houston.
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