The rising cost of living and education is prompting some to forgo college degrees, leading to a decrease in middle-class college attendance as costs rise.
Colleges often define middle-class families using a six-figure threshold, causing a disconnect as many self-identified middle-class families earn under $100,000.
With the average income for the middle class declining from 62% in 1970, the wealth gap has widened, contributing to a 'missing middle' in society.
The analysis of income data shows significant changes in middle-class families' presence in various cities, highlighting areas where this demographic is weakening.
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