Great Recession

Middle Class Feels Muddled

Net worth and standard of living are slipping away, says Pew

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The U.S. middle class has shrunk drastically over the last 10 years as Americans' net worth has plunged, wages declined and standards of living slipped away, according to a report released on Wednesday.

Middle-income earners, long seen as the solid center of the country, are pessimistic and place the blame squarely on U.S. lawmakers, banks and big business, the findings by the Pew Research Center showed.