AZ Snapshot: The Shrinking Middle Class

Posted on September 28, 2016 • Category: Jobs and Employment



48%

U.S. adults with a full-time job, the lowest full-time employment level
since 2010 according to the U.S. Bureau of Labor Statistics.

The Invisible American

Gallup, September 20, 2016

WHY IT MATTERS

A new study released by the U.S. Census Bureau shows a 5.3% increase in household income in 2015. While individual median earnings also increased last year, fewer Americans are living in a middle-class household, decreasing from 61% in 1971 to 50% in 2014. How does Arizona compare to the nation in median earnings and how powerful is education in predicting median earnings?

Key findings from the U.S. Census Bureau:

National Comparison - Median Earnings

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State Comparison - Median Earnings

Note: Cost-of-living data are not yet available for 2015.

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OTHER NEWS
50% Americans living in middle class households has declined from 61% in 1971 to 50% today according to a Pew Research Center report. Middle class workers earned 43% of the nation’s income in 2014, down from 62% in 1970.
Income Inequality has squeezed the Middle Class Out of the Majority.  

The Washington Post, December 9, 2015

 

30% U.S. workers who worry about having their benefits reduced comes from a variety of concerns – wages cut, hours cut, being laid off or jobs moving overseas. Government and union workers are more concerned than private sector employees.
U.S. Workers Still Worry Most About Benefit Cuts  

Gallup Analytics, September 13, 2016

 

5.3% Increase in real median incomes for family households in 2015, the first annual increase since 2007.
Income, Poverty and Health Insurance Coverage in the United States: 2015  

U.S. Census Bureau, September 13, 2016

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Lattie F. Coor

"We are very pleased to provide AZ Snapshot, a regular publication of CFA. Each one is designed to help Arizonans understand more about who we are as a state today and the issues that most challenge us. I hope you find the information interesting and helpful in all you do on behalf of your community and Arizona."


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