The Incredible, Shrinking, Middle Class

By the Price of Business, Media Partner of US Daily  Review

Kevin Price, Host of the Price of Business and Editor in Chief of US Daily Review, recently interviewed Eileen Ambrose, who is a Senior Editor at the influential financial publication,  Kiplinger.  The Price of Business show is nationally syndicated on the BizTalkRadio  Network.

According to an article by Ambrose, “Ask Americans whether they belong to the middle class and the answer is likely to be yes. In fact, 70% of adults identify as middle class, according to a recent online survey by Northwestern Mutual—a figure that has held steady for  years.

“Yet today, only 50% of adults actually live in middle-class households, according to the Pew Research Center. That percentage has been steadily shrinking since 1970, when 61% of adults were considered middle  class.”

Tune in to the Price of Business Show, M-F at 3 PM ET on the Biz Talk Radio Network.  Find a station or listen to it  online. 

In this lively exchange Ambrose and Price look at the reality of the middle class today, who they actually are, how to define that group and what they are doing to make the most of their money.  They also discussed why the numbers in this group are in rapid  decline.

According to Kiplinger, “Ambrose joined Kiplinger in June 2017 from AARP, where she was a writer and senior money editor for more than three years. Before that, she was a personal finance columnist and reporter at The Baltimore Sun, and a reporter and assistant business editor at The Indianapolis Star. Ambrose has a master’s degree in journalism from the Medill School of Journalism at Northwestern University, and a bachelor’s degree in art history from Indiana  University.”

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.