Things change – as the middle-class shrinks, and the 1% takes more.
From the Washington Post:
|Nearly one in three Americans who grew up middle-class has slipped down the income ladder as an adult, according to a new report by the Pew Charitable Trusts.
Downward mobility is most common among middle-class people who are divorced or separated from their spouses, did not attend college, scored poorly on standardized tests, or used hard drugs, the report says.
“A middle-class upbringing does not guarantee the same status over the course of a lifetime,” the report says.