Study: US middle-class families are no longer in the majority

[Robert]

 By DON LEE Tribune Washington Bureau
WASHINGTON

The nation's middle class, long a pillar of the U.S. economy and foundation of the American dream, has shrunk to the point where it no longer constitutes the majority of the adult population, according to a new major study.

Yup nothing to see here boys everything is just fine

http://www.sacbee.com/news/business/article48918655.html

[Patrick]

Hmmmm, I thought that happened some time ago. I thought we were already on the endangered specie list.

[cookiedough]

a household of four is in the middle tier if total income is between $48,347 and $145,041.

Read more here: http://www.sacbee.com/news/business/article48918655.html#storylink=cpy

I still think most of us fall into this category for say a family of 2 adult wage earners.  I don't know of any making more than 150K per year and very few making less than 50K per year, with 2 wage earners anyways.    However, that lower part of the scale around 50K for 2 adult wage earners by far outweigh those 2 adult wage earner families making 100K on up for sure. 

I certainly don't feel any sorrow for those so-called middle class families making 100K on up.  If they cannot make a go of it or just barely,  it is their own fault. 

[Romeo]

The article points out, more people have moved from the middle class to the upper class, than have moved from the middle class to the lower working class. It's called economic progress.

[WilliamRS]

The article points out, more people have moved from the middle class to the upper class, than have moved from the middle class to the lower working class. It's called economic progress.

i was listening to the radio on the way home and heard that while it is true that folks moved up out of the middle class and also true that folks moved down out of the middle class, the ones who moved up moved way way up to the upper fringe and the ones who moved down moved way way down to the lower fringe.

(i have not had a chance to look at the actual data myself to verify)

[Romeo]

The article points out, more people have moved from the middle class to the upper class, than have moved from the middle class to the lower working class. It's called economic progress.

i was listening to the radio on the way home and heard that while it is true that folks moved up out of the middle class and also true that folks moved down out of the middle class, the ones who moved up moved way way up to the upper fringe and the ones who moved down moved way way down to the lower fringe.

(i have not had a chance to look at the actual data myself to verify)

it seems to me that it's more important that more moved up than down, not that they moved to the fringes in either direction.  Although that does say something about our values.