The American Middle Class Is Losing Ground
The asset portfolios of upper-income families are more diversified
Embed
Attachment Info
- The American Middle Class Is Losing Ground
- The middle class is losing ground
- Who is “middle income” and “upper income”?
- Share of adults living in middle-income households is falling
- Growth in income for middle-income households is less than the growth for upper-income households since 1970
- The wealth gap between upper- and middle-income families is growing
- Older people, married couples and black adults improved their income status more than other groups from 1971 to 2015
- Who is middle income?
- Share of adults living in middle-income households is in steady decline, and share in lower- and upper-income households is rising
- Adults in middle-income households are now fewer in number than adults in other households
- Income range for middle-income households and households in other income tiers
- Share of adults living in lowest- and highest-income households has risen the most
- Older people, married couples and black adults improved their income status more than other groups from 1971 to 2015
- Married adults are more likely to be upper income than unmarried adults
- Unmarried women with children are more likely than other groups to be lower income
- Among American adults, there are large differences in income status by race and ethnicity
- U.S.-born adults are higher up in income status than immigrants, except for black adults
- Despite gains in income status, older adults are most likely to be lower income
- College-educated adults are more likely than others to be upper income
- From 1971 to 2014, higher-skilled occupations were among those that rose in income status
- Teachers and salespeople slid down in income status from 2001 to 2014, while other job categories rose
- Big income status gains in some industries contrast with losses in others from 1971 to 2014
- Income status gains in most industry sectors from 2001 to 2014
- Demographics of middle-income adults look like those of U.S. adults overall
- On work-related measures, U.S. middle-income adults rank between lower- and upper-income adults
- Median household income in the U.S. rises faster when adjusted for the decrease in household size since 1970
- Median income of upper-income households has risen more than the median income of middle- and lower-income households from 1970 to 2014
- Incomes rose for all households in each decade from 1970 to 2000, but have languished from 2000 to 2014
- The share of aggregate income held by middle-income households plunged from 1970 to 2014 and is now less than the share held by upper-income households
- The wealth of U.S. families increased from 1983 to 2007, fell sharply since
- There is a large gap in the wealth of upper-income families and other families
- Families in all income tiers lost wealth since 2007, but only upper-income families have started to recover
- Families reduced debt in the wake of the Great Recession of 2007-09, but losses in asset values cut deeper
- Families in all income tiers accumulated debt at a rapid pace from 1983 to 2007
1615 L St. NW, Suite 800
Washington, DC 20036
USA
(+1) 202-419-4300 | Main
(+1) 202-857-8562 | Fax
(+1) 202-419-4372 | Media Inquiries
Research Topics
ABOUT PEW RESEARCH CENTER Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions. It is a subsidiary of The Pew Charitable Trusts.
Copyright 2024 Pew Research Center