Pew Research: Middle class size, income shrinks | Arkansas Blog

Wednesday, August 22, 2012

Pew Research: Middle class size, income shrinks

Posted By on Wed, Aug 22, 2012 at 1:37 PM

The non-partisan Pew Research Center has released a report headlined "The Lost Decade of the Middle Class: Fewer, Poorer, Gloomier," that finds the last decade has seen the largest decline in family incomes since the end of World War II.

As the 2012 presidential candidates prepare their closing arguments to America’s middle class, they are courting a group that has endured a lost decade for economic well-being. Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.

The report says that in 1971, 61 percent of Americans fell in a "middle income tier"; in 2011, that had shrunk to 51 percent. That means the rich have gotten richer and the poor poorer, with upper-income adults making up 20 percent of the population, up from 14 percent in 1971, and the lower income up to 29 percent, up from 25 percent.

So what is middle class? It varies on where you live. Based on U.S. Census Data, the annual income for a family of four seen as necessary for a middle-class lifestyle is a median of $85,000 in the East, $60,000 in the Midwest and $70,000 in both the South and the West. (The U.S. census says the median income in Arkansas for families of four is around $56,000.)

sdt-2012-08-22-Middle-Class-01-01__2_.jpg
  • Pew Research Center graphic

Tags: , , , , ,


Sign up for the Daily Update email
Favorite

Comments (14)

Showing 1-14 of 14

Add a comment

 
Subscribe to this thread:
Showing 1-14 of 14

Add a comment

More by Leslie Newell Peacock

  • New development at old Sears site firms up

    In the next year and a half to two years, the 16 acres at the northwest corner of University Avenue and Interstate 630, the old Sears site, will transform into a development featuring retail, restaurants and a hotel — or two — called The District at Midtown.
    • Apr 19, 2018
  • More grants to Ecclesia surface

    Then-state senator and Senate president pro tempore Michael Lamoureux insisted that a state organization that distributed GIF funds approve a grant to Ecclesia College despite problems with the college's application, a witness in the public corruption trial of former Sen. Jon Woods testified today.
    • Apr 19, 2018
  • 'Path to Radicalization': How an Arkansas family came to be haters

    A tweet by Davy Carter, the former Republican speaker of the state House of Representatives and a resident Cabot alerted us to this NBC documentary on how a family in Lonoke County became radicalized by Nazis.
    • Apr 18, 2018
  • More »

Readers also liked…

Most Viewed

  • Car dealership owner, wife found shot to death in Russellville home

    Keith Cogswell, 55, and his wife, Leanna Cogswell, 39, were found shot to death at their Shiloh Road home today by their maid, KTHV-TV, Ch. 11, reports. The Pope County Sheriff's Office, the Russellville Police Department and the Arkansas State Police are investigating.
  • 'Path to Radicalization': How an Arkansas family came to be haters

    A tweet by Davy Carter, the former Republican speaker of the state House of Representatives and a resident Cabot alerted us to this NBC documentary on how a family in Lonoke County became radicalized by Nazis.
  • Sen. Trent Garner continues to grandstand, again calls for impeachment of Judge Wendell Griffen

    State Sen. Trent Garner, a free speech skeptic and drudging demagogue, has once again called for the impeachment of Circuit Judge Wendell Griffen. If 34 House members sign on to a resolution, impeachment proceedings would proceed. Rep. Bob Ballinger is already on board. A look at the controversy, how the impeachment process works, and the response from House Speaker Jeremy Gillam.
  • More grants to Ecclesia surface

    Then-state senator and Senate president pro tempore Michael Lamoureux insisted that a state organization that distributed GIF funds approve a grant to Ecclesia College despite problems with the college's application, a witness in the public corruption trial of former Sen. Jon Woods testified today.
  • Clarke Tucker touts shift in Cook Political Report outlook for Second District

    The Cook Political Report, essentially a fantasy baseball website for people who enjoy politics instead of sports, offered a relatively encouraging outlook for Democrats in the state's Second Congressional District today. The site announced that it was shifting the district from "Likely R" to "Lean R." Get excited.

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation