No Surprise Here: Bye-Bye, Middle Class

A new report from the Pew Research Center says the U.S. middle class has shrunk drastically over the last 10 years as Americans' net worth has plunged, wages declined and standards of living slipped away. The blame goes to U.S. lawmakers, banks and big business. Since 2001, median household income has fallen from $72,956 to $69,487 in 2010, the report said.

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Tags: economy, research
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