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.

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