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Sat May 14, 2016, 10:36 AM

Michigan tops nation in shrinking middle class, study shows [View all]

The middle class in the United States has been shrinking since 2000, and nowhere is the trend more evident than Michigan, according to a study released this week by the Pew Research Center.

What makes the Michigan numbers especially distressing: In three-quarters of U.S. metro areas analyzed, the shrinking middle class was partially offset by a rise in affluent households, a trend that didn't occur in most of Michigan.

Adjusted for household size and inflation, Michigan's median household income declined 17 percent between 1999 and 2014 from a median of $75,370 in 1999 to $62,608 in 2014 the biggest drop among the 50 states and District of Columbia, the Pew study found.

http://www.mlive.com/news/kalamazoo/index.ssf/2016/05/michigan_tops_nation_in_shrink.html

Anybody wonder why Sanders did so well in the primary and why we need to be concerned about Drumph in the Fall?

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Reply Michigan tops nation in shrinking middle class, study shows [View all]
corkhead May 2016 OP
Purveyor May 2016 #1
corkhead May 2016 #2