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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Thursday, May 12, 2016

Middle class shrinks in 9 of 10 US cities, it may no longer be the economic majority in the US

PressTV-Middle class shrinks in 9 of 10 US cities
New indications have appeared in the US that show the middle class in the world’s largest economy is hollowing out.
A report by the Pew Research Center shows that a widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle.
In nearly one-quarter of metro areas, middle-class adults no longer make up a majority, the Pew analysis found. That's up from fewer than 10 percent of metro areas in 2000.
That sharp shift reflects a broader erosion that occurred from 2000 through 2014. Over that time, the middle class shrank in nine of every 10 metro areas, Pew found.
PressTV-US middle class shrinking in cities: Study
A widening US wealth gap is moving more American households into either higher- or lower-income groups in major cities, with fewer remaining in the middle, according to a report.
From 2000 to 2014 the share of adults living in middle-income households fell in 203 of the 229 US metropolitan areas examined in a new Pew Research Center analysis of US government data.
The decrease in the middle-class share was often substantial, measuring 6 percentage points or more in 53 metropolitan areas, compared with a 4-point drop nationally, according to the Pew, a think tank in Washington, DC.
The shrinking of the middle class at the national level is reaching a point where it may no longer be the economic majority in the US, the study said.

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