The Slow Decline of the Middle Class Explained in One Easy Graphic

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For years, economists, analysts, politicians and pundits have bemoaned the steady decline of the middle class, and it isn't hard to find evidence to justify their concern: Over the last 10 years, median middle class household income has dropped by almost $3,500, or about 6 percent. Meanwhile, the poverty rate has risen steadily, as has income inequality. As for education, the classic method for maintaining -- or rising to -- a middle class lifestyle, college tuitions have gone up by a third.

Total Bankruptcy, a network of bankruptcy attorneys, has created an infographic that outlines the narrowing middle class pie -- and the growing share of national wealth that has found its way into the hands of the richest 20 percent of Americans. Take a peek:




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Mingo

In the next 4 years the middle class will no longer exist and all that will mean is more goverment controls .less freedoms ,less jobs and for sure extreme poverty from coast to coast . With no middle class you will see the schools closing from grammar to college Don't worry the wealthy will be richer than ever The numbers all show we are on a negitive slide Our money is worth less and less and our taxes are going through the roof The gov. will have to omit SS , medicare .welfare Obamacare and most likely a cut to are armed forces that will render it useless Don't worry there will be money for some politicians and their wealthy friends get use to the idea of living in a third world nation ,ITS COMMING SOON

February 06 2013 at 4:19 PM Report abuse +29 rate up rate down Reply
hemipwr54

Hey check this out since 2008 all incomes have been attacked from above, with 70% increase to cost of living and none or only slight increases to wages, the products have out paced the earnings. As I surmised the wealthy have gained but the poor and middle class are floundering, if the economy is fine now why hasn't the economic impact reversed itself to that of levels of 2007-2008?
Commodities is again the top earner, as it has continued to be since 2008 at least that of the top 5 if not number one.
Something wrong with that picture, and Bush is no longer president the last president is to blame for this one, you know the current one now.

February 06 2013 at 4:02 PM Report abuse +10 rate up rate down Reply
Crabby Old Prick

I have changed our lifestyle and spending habits severly in the last 5 years. Being a well paid blue collar mechanic has made a wonderful life for my family. All the kids are gone, I don't go to fancy restaurants, have no car payments or mortgage. We do treat ourselves to two nice vacations a year. But I should stockpiling cash for the future. However, in spite of no big bills I cannot sock away the amount that puts me in a comfortable/non-reliant place. Five dollars buys six bowls of healthy cereal. Four dollar gas is around the corner again. As a result we spend less at other retailers and hurt their bottom line.

I like the graphic. I just can't afford the pie. I'll take the free dessert that comes with my early-bird senior meal.

February 06 2013 at 4:00 PM Report abuse +22 rate up rate down Reply
jrb359

Middle Class are now becoming the governments cash cows! Maybe people will THINK about high gas and food prices, a $16.5 trillion deficit, 7.9% unemployment, and a shrinking economy, before voting in another rock star.

February 06 2013 at 3:34 PM Report abuse +30 rate up rate down Reply
2 replies to jrb359's comment
sam54ct

The prior rock star left office with unemployment at 7.9% and dropping like a rock. Th deficit has been climbing since Reagan cut tax rates in half, which shows, since government was much smaller at the time, we need higher taxes. As for gas prices, we are a Capitalist Nation, and government cannot set pricing for gas.

February 06 2013 at 4:09 PM Report abuse -14 rate up rate down Reply
kitharris1

folks, i hate to tell you but this democrat republican fight is a ruse. both parties have sold out to the lobbyists and in fact most new laws are written in large party by the lobbyist. if you think otherwise, they have done a great job pulling the wool over your eyes. middle class america needs to get together and vote these guys out and put in term limits and some other laws that makes these congress men realize they put their pants on one leg at a time, just like we do!

February 06 2013 at 3:20 PM Report abuse +32 rate up rate down Reply
1 reply to kitharris1's comment
sam54ct

A commentor with a brain, precisely right, none work for us, its all about bring home the bacon to remain on the taxpayer gravy train,

February 06 2013 at 4:10 PM Report abuse +11 rate up rate down Reply
goodren

anybody believe that the congessman who found an error in the movie lincoln read obamacare before signing it into law?

February 06 2013 at 3:02 PM Report abuse +4 rate up rate down Reply
mrspelosi

somey5
Another Republican who thinks that scamming is good entrepreneurship

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So you are a Republican now dear?

February 06 2013 at 2:40 PM Report abuse -11 rate up rate down Reply
progressivehoax

Dump the Earned Income Credit, throw the screws to the Welfare collecting Regressive Liberal Democrats.

February 06 2013 at 2:40 PM Report abuse +12 rate up rate down Reply
mrspelosi

somey5
What are you doing on this blog? Why aren't you working???

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I am working darling. I am searching on the wanted ads looking for a job for you dearest.

February 06 2013 at 2:38 PM Report abuse -10 rate up rate down Reply
mrspelosi

somey5
So long as it goes in my pocket, great

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Just make sure it does not fall out and break all over the floor dear. Unless you want to make another trip to the liquor store darling.

February 06 2013 at 2:37 PM Report abuse -4 rate up rate down Reply