August 23, 2012
Many in middle class say they are doing worse financially
By Allison Linn, TODAY
The Great Recession and weak recovery have left slightly fewer Americans feeling like they are part of the middle class, and many who do still identify themselves as such say they are now worse off.
A new and comprehensive survey on how the middle class feels, released Wednesday by Pew Research Center, finds 42 percent of people who identify themselves as middle class say they are in worse shape financially than before the recession began. About 32 percent are in better shape, and the rest either don’t know or see no difference.
The recession officially ran from December of 2007 to June of 2009, although economic growth has generally been slow since and unemployment has remained high.
More: http://lifeinc.today.com/_news/2012/08/22/13380877-many-in-middle-class-say-they-are-doing-worse-financially?lite&google_editors_picks=true
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