Job losses, wage cuts and underemployment during the recession have taken a very specific toll on the nation’s middle class. According to a December report from the Pew Charitable Trusts, the middle class contracted in every state between 2000 and 2013. “The saying has been, for many years, that this generation may be the first generation that does not have a greater standard of living than their parents,” Tim Evans, vice president of economic development at the Greater Hall Chamber of Commerce, said.
Georgias middle class is shrinking, Pew report shows
As cost of living grows, income levels arent keeping pace