What The Fact: America's Shrinking Middle Class

The video features Erin and Katie from PolitiFact discussing a claim made by Joe Biden about the middle class during a Democratic event in Iowa. They explore the shrinking size of the middle class, factors affecting it, and conduct a fact check on Biden's statement. The analysis reveals that while the U.S. middle class is no longer the wealthiest, the claim needs clarification regarding income versus wealth. The video concludes with insights into economic challenges and potential solutions.

What did Joe Biden claim about the middle class in America?

According to the Pew Research Center, what was the percentage of adults living in middle-income households in 1971 compared to 2016?

What are some factors contributing to the shrinking middle class in the United States?

What are some proposed solutions to strengthen the middle class mentioned in the text?

What does the term 'wealth' refer to in the context of Joe Biden's statement, and how does it differ from 'income'?