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Story summary
- Labor's share of gross domestic income fell from 58% in 1980 to 51.4% in 2025, with corporate profits rising and the top 1% doubling their share since 1979.
- In 2024, Pew Research Center defines middle-class households in the United States as incomes between $55,262 and $167,460, noting that size and cost of living matter.
- Budgeting and saving are essential for all income levels to improve financial security amid these changes.
