Middle Class Hollowing

Guest: Rakesh Kochhar, Associate Director of Research at Pew Research Center  How to win the hearts of middle class voters is on the mind of Republican candidates meeting in their latest Presidential debate tonight. Polls tend to show middle class Americans more confident that Democratic candidates are looking out for them.  But the very essence of America’s middle class is changing, according to a comprehensive report out from the Pew Research Center. A close look at data from the Census Bureau and Federal Reserve finds the majority of Americans can no longer be considered middle class. There’s been a “hollowing” of the class over last forty years. The consequences are significant to the broader US economy.