2000s Were 'Lost Decade' for Middle Class - Household incomes, net worth shriveled

2000s Were 'Lost Decade' for Middle Class - Household incomes, net worth shriveled: "The 2000s were a "lost decade" for America's middle class that left them poorer and more pessimistic than they were 10 years earlier, according to a Pew Research Center study. For the first time since at least World War II, middle-class incomes and net worth declined over the decade. The middle class itself—defined as households with incomes from $39,000 to $118,000—is shrinking, the study found, falling from 61% of the population in 1971 to 51% today, although close to half of those who left the bracket moved into the upper class, which now controls more wealth than the middle for the first time in more than 40 years."

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