The Shaky Middle-Class
The policy institute Demos released a report last week showing that middle-class households are increasingly at risk in several of the characteristics that define a middle-class standard of living. Between 2000 and 2006, the assets of middle-class families declined, housing costs rose, and the percentage of middle-class families in which at least one member lacks health insurance increased.
The report concludes that in 2006 28% of middle-class families were vulnerable in three or more of the factors that support a middle-class standard of living (education, household assets, budget, housing costs, and healthcare in Demos’s reckoning), an increase from 25% in 2000.
The findings square with our overview of the status of the middle-class in 2008.