“The decline of the middle class is fundamentally reshaping the U.S. economy, with unwanted repercussions for higher education, government and the future, according to an analysis by U.S. News & World Report.
Even the middle class’s health has suffered, U.S. News said.
“Their economic future isn’t very bright,” said Timothy Smeeding, director of a poverty research center at the University of Wisconsin-Madison. “Wages and income are flat. Transportation, childcare costs and healthcare costs are going up, and your income isn’t.”
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