American middle class

Median Family Wealth Is at a 43-Year Low, Study Finds

A recent study by NYU economics professor Edward N. Wolff puts the decline of the American middle class in a whole new perspective: According to Wolff's calculations, the median net worth of American households has now reached a 43-year low. And that's not only troubling statistic he found.

Pop Quiz: Is America Still the Land of Economic Opportunity?

"Moving on up" is a fundamental part of America's identity, but the path from rags to riches is getting harder to navigate. To gauge the state of American promise, we dug into the numbers: Take our quiz to find out if American hope lives up to American hype.