Tuesday, September 18, 2012

Pew Research Analyzes the Lost Decade of the Middle Class; Every Income Bracket Got Hit Between 2000-2010, Never Happened Before On Chart (Video)

The Pew Research Center has a video on Youtube that analyzes the lost decade of the middle class. They said, "from 2000 to 2010, middle income households saw their median annual income drop by 5% in inflation adjusted dollars. During the same decade, middle income families saw their median wealth decline by 28%." Another chart going back to 1950 showed how the average annual change in mean family income for every income bracket declined between 2000-2010, which never occurred before on the chart. Watch the video after the jump or read the full report here. Bloomberg TV covered the net worth chart today.



For more on the lost U.S. decade(s), read this guest post at Zero Hedge.

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