The middle class in the U.S. is now smaller than the country’s upper and lower classes combined, according to a report released last week by Pew Research Center. The study examined 229 metropolitan areas across the country and found a decline in the share of adults living in middle income households in all but 26 of these areas.
These trends are mirrored in the New York-Newark-Jersey City, NY-NJ-PA area.* Between 2000 and 2014, the share of middle income households feel from 51% to 48% in the New York metro, slightly lower than the nation as a whole, which declined from 55% to 51% during the same time period. The region’s share of lower-income households stayed roughly the same at 31%, while the share of high-income households increased from 18% to 21%.
Learn more in the full report: America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas
*The New York metropolitan area explored by Pew in this study differs slightly from RPA’s traditional 31-county metropolitan region.