This is the most depressing thing we learned in the new report on incomes and poverty.
A new analysis of groundbreaking economic research suggests a strong link between the size of a region's middle class and the ability for its poor residents to climb the economic ladder.
But Obama's right that median incomes aren't growing fast enough, and those with less education are getting left out.
"Middle-out economics" isn't just a handy political slogan. Evidence suggests it's a good way of thinking about how economies grow best.
Is the middle class better off because the prices of many staple goods are cheaper? It depends on how you define staples.
While middle income people were no likelier to lose their jobs, those that did become unemployed were likelier to take a pay cut once they got another job than people at the top or bottom of the income scale.
Under Obama and Romney's definition, only 4 percent of Americans AREN'T middle class.