Oil and gas boom feeds greatest real wage growth in U.S., but will it last?
Most of the biggest inflation-adjusted wage gains have occurred in metro areas that have directly benefited from the boom in U.S. oil and gas production
Numbers, Facts and Trends Shaping Your World
Most of the biggest inflation-adjusted wage gains have occurred in metro areas that have directly benefited from the boom in U.S. oil and gas production
The share of the American adult population that lives in middle-income households has fallen since 2000. The trend this century is the continuation of a long-running decline. An earlier analysis by the Pew Research Center, which looked at the period from 1971 to 2015, demonstrated that the middle class in the U.S. has been shrinking […]
Cook Political Report. Electoral Scorecards. Accessed online at http://cookpolitical.com/ on January 8, 2016. File, Thom. 2015. “Who Votes? Congressional Elections and the American Electorate: 1978-2014.” Washington, D.C.: U.S. Census Bureau, July. Accessed online at http://www.census.gov/content/dam/Census/library/publications/2015/demo/p20-577.pdf on Dec. 4, 2015. Hur, Aram and Christopher H. Achen. 2013. “Coding Voter Turnout Responses in the Current Population Survey.” […]
The economic status of a metropolitan area in 2014 does not necessarily signal the direction of its journey. Midland, TX, led the nation in the share of the population that was upper income in 2014 because it benefited from a boom in global oil prices. But the sharp decline in oil prices since 2014 may […]
After more than four decades of serving as the nation’s economic majority, the U.S. middle class is now matched in size by those in the economic tiers above and below it.
The middle class has long been the country’s economic majority, but our new analysis finds that’s no longer true.
The gaps in the wealth (assets minus debts) of lower-, middle- and upper-income families are much wider than the gaps in income.[46. numoffset=”46″ Data on wealth are collected for families, as opposed to households. Technically, they are slightly different. As per the Census Bureau, a family consists of all related people living in the same […]
The American middle class is losing ground in metropolitan areas across the country, affecting communities from Boston to Seattle and from Dallas to Milwaukee.
The share of the American adult population that is middle income is falling, and rising shares are living in economic tiers above and below the middle. The hollowing of the middle has proceeded steadily for four decades, and it may have reached a tipping point. Once in the clear majority, adults in middle-income households (based […]
The dispersion of American adults out of the middle is accompanied by rising inequality. Trends in household income show rising prosperity overall from 1970 to 2014, but median income increased the most for upper-income households and by less for middle-income and lower-income households.[40. numoffset=”40″ In this report, “income” refers to pre-tax household income as reported […]
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