SACRAMENTO, Calif. — Research shows the American middle class is shrinking. Experts say a widening gap between the rich and poor can lead not only to economic problems but also stress and anxiety.
The latest data from the Pew Research Center shows the American middle class income is between $56,000 a year to just under $170,000 a year. Research shows fewer people are earning that.
“The general concern is that it’s been shrinking and shrinking for awhile,” said UC Davis economics professor Derek Stimel…