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There are now more low-income and high-income Americans combined than there are people in the middle class, a study released Wednesday found.
According to a Pew Research Center report, there were 120.8 million adults living in middle-income households and 121.3 million in lower- and upper-income households combined in early 2015, marking the first time in the center’s four decades of tracking this data that the size of the latter groups has transcended that of the first.
The study defines middle income as adults earning two-thirds to double the national median, which translates today to somewhere between $42,000 and $126,000 a year for a three-person household.
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http://www.huffingtonpost.com/entry/middle-class-not-majority_5668b75be4b0f290e521f31e
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