Vanishing Middle Class

The "Vanishing Middle Class" refers to the shrinking portion of households that are neither wealthy nor struggling financially, but rather comfortably middle-income. Over recent decades, economic growth has increasingly benefited the very wealthy, while many middle-income families face stagnant wages, rising costs, and job insecurity. This trend reduces the size of the middle class, leading to greater economic inequality, social divisions, and concerns about shared prosperity. Essentially, the middle class is shrinking because more people are moving either toward higher wealth or economic difficulty, making the middle tier less stable and more vulnerable.