The American middle class in the US has been shrinking for 50 years. It is attacked from both sides by people with individual incomes as well as those earning less.The Pew Research Center, whose study is cited by Statista, defines the middle class as people who earn between two-thirds and twice the median wage in the United States.
From 1970 to 2021, the share of the total income of people from this group in total income fell from 62 to 42 percent. On the other side of the equation are the richest people, for whom the corresponding value increased from 29 to 50 percent.
The percentage of people belonging to the “low income” group also increased (from 25 to 29 percent). However, their total income decreased (from 10 to 8 percent). The largest part of this group are Latinos and African Americans (approx. 40 percent each).
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