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Title: Economists Remain Worried About Slow-Growing Middle Class
Citation Type: Miscellaneous
Publication Year: 2019
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Abstract: Most states saw growth in the middle class between 2016 and 2017, but the number of households in that group still had not recovered to the levels of 2000. Only Nebraska and the District of Columbia had a middle class bigger than in 2000, according to a Stateline analysis of American Community Survey microdata at IPUMS USA. The plight of the middle class, which has yet to regain financial ground lost during the Great Recession, is of increasing concern to economists. The Federal Reserve Bank of Chicago held a conference this month to discuss policy solutions to problems Federal Reserve Chairman Jerome Powell called “crucial” for the nation to tackle in coming . . .
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Authors: Henderson, Tim
Publisher: PEW
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