As reported by the Queens Chronicle:
By Senator Jose Peralta
We hear a lot about the “shrinking middle class” in America. The Pew Research Center set out to measure the erosion. It found that, since 2000, “the middle class has shrunk in size” and “fallen backward in income and wealth.”
The percentage of American adults in the Pew study’s middle-income bracket has fallen from 61 percent in 1971 to 51 percent today.
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