Wednesday, August 22, 2012

Pew Research Center data on Middle Class

The Pew Research Center (see here) has released a new report on the status of the middle class.  The report is entitled "The Loss Decade of the Middle Class," so you get the thrust of their findings.  Below is a graph from the report (click to enlarge).


From the report:
"Fully 85% of self-described middle-class adults say it is more difficult now than it was a decade ago for middle-class people to maintain their standard of living. Of those who feel this way, 62% say “a lot” of the blame lies with Congress, while 54% say the same about banks and financial institutions, 47% about large corporations, 44% about the Bush administration, 39% about foreign competition and 34% about the Obama administration. Just 8% blame the middle class itself a lot."

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