I think the media and politicans have this all wrong. The middle class is not shrinking at all. We are all still here, just have less due to poor financial decisions. Many bought homes at too high a price and bailed out when they owed more than they were worth. The economic principle of putting 20% down has always been there. Middle class America ignored it and payed the price. We all know saving money is important. Americans are not savers, so when the economy took a turn south, we paid again. What about debit? Are we really going to say that accumulating all that debt was anyone's fault but our own? Nope, the middle class is still here. Just hopefully a lot wiser.