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Being a member of the middle class in the U.S. isn't what it was 50 years ago, according to a new report from SmartAsset, a personal finance technology company.

For one thing, fewer households today are middle class, declining from 61% in 1971 to 52% in 2018, the report said, citing Pew Research Center data.

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Michael S. Fischer

Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.

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