Shrinking Middle Class Continues

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Shrinking Middle Class Continues

How the American middle class has changed in the past five decades The middle class, once the economic stratum of a clear majority of American adults, has steadily contracted in the past five decades. The share of adults who live in middle-class households fell from 61% in 1971 to 50% in 2021, according to a new Pew Research Center analysis of government data. Lower-income" adults have household incomes less than $52,000 and "upper-income" adults have household incomes greater than $156,000. Meanwhile, the share of aggregate income accounted for by upper-income households has increased steadily, from 29% in 1970 to 50% in 2020. Progress up the income ladder for a demographic group does not necessarily signal its economic status in comparison with other groups at a given point in time. Married adults and those in multi-earner households made more progress up the income ladder from 1971 to 2021 than their immediate counterparts.

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