by Mike ‘Mish’ Shedlock
Hollowing Out of America’s Middle Class
Since 2000, the percentage of America’s middle class fell in nearly 90% of the nations 229 metropolitan areas according to PEW research.
Those metro areas account for 76% of the nation’s population in 2014.
In 160 metro areas the percentage of those with lower incomes rose. In 172 areas the percentage of people in higher income brackets rose. 108 metro areas experienced a rise in upper income and lower income households.