"5 Charts That Show America’s Middle Class Has Deteriorated"
America’s middle class suffered its “worst decade in history” in the first years of the 21st century, but as these charts from the Center for American Progress’ David Madland and Nick Bunker show, the decline of the middle class started decades ago. Stagnant wages for middle class families have come at the same time as exponential income gains for America’s top earners, driving income inequality to new heights. The effects on the middle class are widespread: middle class incomes have been stagnant for nearly 20 years, and the number of households that qualify for the middle class and the middle class’ share of income are both falling. At the same time, every day goods are more expensive, driving those families further into debt: