The Reason the Middle Class is Dying | The Middle Class

Welcome to America, a place where 770 billionaires and over a million millionaires call home, these people belong to the 1% of society, and together, they amass a staggering $65.4 trillion in private wealth, a figure so big that it outshines the collective wealth of China, Europe, and even America's own GDP.

But, unbeknownst to many people, America has more than 30 million people living in poverty, and over half a million homeless people.

Even as the rich grow richer, the middle class, which makes up 50% of the population, is edging closer and closer to homelessness, as they struggle with a financial crises, debt and the high cost of living. The middle class in America is dying.

But it wasn't aways like this, the middle class was once thriving so much in fact that the period was known as the "Golden Age of the American Middle Class."

So, why is the middle class dying? And what's happening to the working and upper class?

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