Economists: US No Longer Has a Middle Class

The middle class is vital for economic reasons as it is where a large part of economic growth comes from. The middle class brings in capital, spends capital, saves capital, builds businesses, and contributes to the economy. With more and more families now living from paycheck to paycheck, many economists believe that the middle class is fast dwindling in the U.S. and some even believe it to be entirely gone. Some economists share their views with NTD.