The middle class is shrinking

The middle class is shrinking

The middle class is declining, along with its earnings, wealth and optimism.

"It's not just that there are fewer people here," said study co-author Paul Taylor, director of Pew's Social & Demographic Trends project. "They have a declining share of the national household income."

And despite being targeted by both Presidential campaigns, neither President Obama nor challenger Mitt Romney “has sealed the deal with middle-class adults,” Pew says. Obama is in better shape, with 52 percent of the self-described middle-class saying Obama's policies would help them, compared to 42 percent for Romney.

Read more at Oregonlive.com.

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