Across America’s cities, the middle class isn’t what it used to be.
The middle class has retreated in nine out of 10 U.S. metropolitan areas since 2000, as income inequality widened after the recession, according to a new study from the Pew Research Center. The report expands the organization’s research into the fortunes of the country’s middle class, which Pew in December found had declined to less than 50 percent of households, representing a major shift in America’s economic fabric.
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Source Credits: Aimpee Picchi in CBS News Moneywatch