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May 12, 2016 | Middle Class Shrinks in 203 of 229 Metropolitan Areas

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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.

Please consider PEW’s study on America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas.

Highest Shares

Pew Middle Income 1

Winners and Losers

Pew Middle Income 2

Median Incomes Decline Across All Tiers

Pew Middle Income 3

Definition of Middle Class

Pew’s Middle Income Calculator takes into consideration household size and location.

The calculator also let’s you compare your income to those of the same education level, race, age, and marital status.

National Numbers

Pew Middle Income 4

The “Middle Class” is barely a majority. Within a few years it likely won’t be.

Those seeking an explanation for the massive dissatisfaction of both US political parties have the answer.

Mike “Mish” Shedlock

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May 12th, 2016

Posted In: Mish Talk

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