Why Is The American Middle Class Shrinking?

The video discusses the decline of the middle class in the US, highlighting that from 1971 to 2016, the percentage of adults in middle-income households dropped from 61% to 52%. Initially, those leaving the middle class moved to the upper class, but post-2000, more shifted to lower income brackets. Factors like wage disparity, rising costs of healthcare, childcare, housing, and education, and increasing debt contribute to this trend. Solutions proposed include raising the minimum wage, offering paid leave, and providing tax benefits.

What percentage of adults lived in middle income households in 1971?

Evaluate responses using AI:

OFF

What has been the trend in wage growth for the top 1% compared to others since the Great Recession?

Evaluate responses using AI:

OFF

What are some of the everyday needs whose costs have risen faster than the median income in the US?

Evaluate responses using AI:

OFF

What is the total amount of debt Americans now have?

Evaluate responses using AI:

OFF

What are some proposed ideas to help strengthen the middle class?

Evaluate responses using AI:

OFF