This map shows how much America's middle class has shrunk since the year 2000
The Pew Charitable Trust's Stateline blog recently published a study which looks at how the number of middle class families in America has changed between the years of 2000-2013.
The study found that the percentage of middle class households (as defined above) has shrunk in all 50 states since 2000.
This is especially significant since the median income has also dropped in most states, due to adjustment for inflation.
On the other hand, the percentage of Americans who spend 30% or more of their income (the federal standard for housing affordability) on housing has increased since 2000. Therefore, more Americans are struggling to keep up with living costs.
Take a look at the map below for the full results of the study. Hover over each state to see the percentage of middle class households, the median income, and the percentage of Americans spending 30% or more on housing.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market