From the NY Post no less (although it is a very superficial piece, so NY Post it is):




July 11, 2009

NEW YORK CITY'S MIDDLE CLASS IS VOTING WITH THEIR FEET

America's middle class is disappearing.

The very Americans the Obama administration is hoping will lift the economy out of recession are facing epic challenges.

As a result of a sizeable drop in home values, along with over-extended credit and rising unemployment, as many as one in four of the 31 million middle class families are in danger of dropping a rung on the economic ladder, statistics show.

That's as many as eight million families in the last nine years, with a median income of $80,000 for a family of four, according to public-policy group Demos.

...

Full Article here.