The American Middle Class Meltdown (Tom Ashbrook, On Point)

In the 20th Century, the thing that defined the United States to much of the world was its amazing middle class. Lots of countries had rich and poor. America had a majority middle income population that dazzled. It wasn’t just the biggest slice of the pie, it defined American culture, American politics. You can still hear that on the campaign trail. But a big new report says America is no longer majority middle class. Rich, growing. Poor, growing. Middle class, shrinking. Majority lost. This hour, On Point — what it means when America’s great middle goes down. — Tom Ashbrook
Interview:
http://onpoint.wbur.org/2015/12/14/middle-class-economics