The shrinking of America’s middle class has finally ground to a halt

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Market Watch
Quentin Fottrell
Sept. 6, 2018

While the lower and upper classes have increased in size over the past decade, the once-shrinking American middle class appears to holding ground.

Just over half (52%) of American adults lived in middle-class households in 2016, up slightly from 51% in 2011, but down from 54% in 2001 and 61% in 1971, according to data released Thursday by the Pew Research Center. The percentage of people in lower- and upper-income households has, meanwhile, crept higher over the same period.

“While the size of the nation’s middle class remained relatively stable, financial gains for middle-income Americans during this period were modest compared with those of higher-income households,” Pew senior researcher Rakesh Kochhar wrote.

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