National

More fall out as U.S. middle class shrinks further

The middle class that President Barack Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century. Since 2000, the middle-class share of households has continued to narrow, the main reason being that more people have fallen to the bottom. At the same time, fewer of those in this group fit the traditional image of a married couple with children at home.

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