The percentage of the population in the two higher income classes (defined by Pew as having more than 200% of median family income) declined from more than 60% in the 1970s to 50% in 2015. Economists see the decline in the middle class as a

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The decline in the middle class can be seen as both a cause and a consequence of the decline in growth. As the middle class shrinks and income inequality increases, it can lead to slower economic growth as there is less consumer spending and demand in the economy. At the same time, slower economic growth can lead to a decline in the middle class as there are fewer job opportunities and less upward mobility for individuals in that income bracket.

The Percentage of the Population in the Two Higher Income