Poll: The Middle Class Squeeze

April 15, 2007
Poll: The Middle Class Squeeze

(CBS) The last few years have seen economic gains for the wealthiest Americans, at least in part resulting from tax cuts and investment gains, and many Americans are living well — buying large homes, expensive cars and luxury products. But has any of this wealth trickled down to the middle class?

According to the latest CBS News Poll, most Americans — and most of those with mid-range incomes — don't think so; instead, many think the middle class has experienced tougher times. 59% think that life for middle class Americans has gotten worse in the last 10 years. Just 30% think it's gotten better.

54% of those with incomes of $30,000 to $75,000 (44% of those who describe themselves as "middle class" have incomes in this range) concur that life has indeed gotten worse for the middle class.