Question

The Shrinking American Middle Class – Discussion.

Answer 1

• In America,since 2000 middle class has been shrinking because of falling incomes.
• Younger households headed by people of age 30- 34 are likely to have lower Incomes and are less likely belong to middle Income.
• But the households of older workers are likely to be middle or upper income.
• High school graduates who did not have 4 year college degrees were represented middle and upper class.
• Blue collar jobs became rarer.
• Whites were already grouped in to middle or upper Income groups while black households were lower income of
• The richest 1 % .Saw their Incomes grow faster while the poorest groups had fallen behind.
• Among the middle class, some became poorer and were included into lower Income classes.while some joined the upper class.
• In2014, middle class shrank by 11% .
• One quarter of white Americans earned more than twice the median income.
• In 1970s American Economy became more unequal because more middle class households joined upper middle classes.
• The main reason behind the shrinkage of middle class Americans because the general income is higher and also the general living standards.