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In a study released Wednesday, the nonpartisan Public Policy Institute of California reports that the proportion of households it defines as the middle class — those with annual incomes between $44,000 and $155,000 — has dropped below half, to 49.7 percent.
Households below that level account for 36.6 percent of Californians, and those above account for 13.7 percent.
The percentage of Californians in the middle class is the lowest in at least 30 years, the report says, and has consistently fallen since its peak of 60 percent in 1980.
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Fewer than half of Californians can now be called ‘middle class’ » Ventura County Star (via shorterexcerpts)
Wow.
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