More Americans are not middle class anymore
April 4 , 2014
Americans cherish the idea of being middle class since it brings with it an image of self-sufficient people. However, five years after the end of the Great Recession, more people are realizing that that they don't belong into this category.
Several setbacks have emerged in economic statistics for many years, which are now affecting the way Americans think about themselves.
The number of people who considered themselves to be middle class has fallen by about one-fifth since 2008. Forty percent now say they're either lower class or lower-middle class. However, irrespective of how people view their situation, there is no definite definition of the term 'middle class."
"How they think is reflected in how they act," senior editor at the Pew Research Center said.