Latest survey reveals the middle class in the United States is shrinking while the wealthy are getting wealthier.
The survey states the middle class has shrunk over a decade by 26 percent and now the wealthy and middle class are at 50% each.
This should come as no surprise to the working class as they struggle to stretch their pocketbook.
Middle class is defined as making $40,000 plus per year to $150,000. Many in Sussex County make far less, I guess defined as being in the poverty class.
While the middle class pay scale has been dormant, pay for executives and CEO’s has climbed from 200% to over 350% during the same period.
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