The nation’s wealth recovers, but largely for those at the top
The nation’s aggregate wealth continues to show signs of recovery, but that wealth recovery has been concentrated on the wealthiest Americans. Meanwhile, the aggregate net worth for America’s economic middle is actually declining.
Chart of the Week: The black-white gap in incarceration rates
Black men in their prime working years, especially those without a high school education, are much more likely to be in jail than white men are.
Chart of the Week: How America’s poor can still be rich in stuff
While most manufactured goods are considerably cheaper than they were three decades ago, many key services are much more expensive — contributing to the paradox of greater material abundance among even poor Americans.
Despite recovery, fewer Americans identify as middle class
Today about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%).
The Middle Class: Key Data Points from Pew Research
Despite the economic recovery, the share of Americans who identify themselves as middle class has dropped sharply in recent years. The proportion of Americans who identify with the middle class has never been lower, dropping to 44% from 53% in 2008 during the first months of the Great Recession, according to a survey conducted Jan. […]