Here’s how much money it takes to be considered middle class in 20 major U.S. cities

The middle class has been shrinking throughout the last five decades as more Americans have entered either the upper or lower income brackets, according to Pew Research Center. 

The latest data from 2021 shows the share of the population in the middle class continues to hover around 50%, around where it has been since 2011. Prior to that year, the share of middle class Americans had been consistently shrinking since a peak of 61% in 1971.