middle class

Mary Edwards

Bill Emmons and Bryan Noeth, senior economic adviser and policy analyst at the St. Louis Fed’s Center for Household Financial Stability joined “St. Louis on the Air” host Don Marsh to discuss the growing wealth gap.

This is a follow-up to Monday's "St. Louis on the Air" show about the middle class. Hear the audio from that show and read Kyle Jacoby's story to find out what the experts said about the middle class, the economy and the American Dream.

You've heard it before: The rich get richer while the poor get poorer. But what about those in the middle?

Flickr/Rob Lee

The rich are getting richer. The top 5 percent of earners in the U.S. accounted for nearly 40 percent of personal consumption expenditures in 2012, according to the Institute for New Economic Thinking. That is up from 28 percent in 1995. 

The middle class. An enigma of socioeconomic standing often used as a barometer of the United States as a whole. Perhaps you identify with the term 'middle class,' or perhaps you don't, but the newest data from Pew Social & Demographic Trends is something to see. Check it out, with reporting from NPR's The Two-Way, via the link.