middle class | KERA News

middle class

From Texas Standard:

The middle class is making gains, according to data from the U.S. Census Bureau. The latest numbers show the median household income for a family of four is now $59,030, the highest median income on record, topping the previous high set during the dot-com days of the late 1990s.

The widening gap between rich and poor Americans has pushed the chances of children earning more money than their parents down to around 50 percent, economic researchers say. That's a sharp fall from 1940, when 90 percent of kids were destined to move up the income ladder.

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New Pew Research Center data shows the middle class is dwindling. It’s true in about 90 percent of metropolitan areas surveyed, including Dallas-Fort Worth.

Rakesh Kochhar from the Pew Research Center explains what that this means for North Texas -- and beyond.

Whether or not it leads to real change after the election, commentator Lee Cullum says at least one group in society did get the spotlight during this year's presidential campaign.