The American middle class is no longer the world’s richest, and the poor in much of Europe earn more than poor Americans

by David Leonhardt and Kevin Quealy

The American middle class, long the most affluent in the world, has lost that distinction.While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.