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mk  ·  3056 days ago  ·  link  ·    ·  parent  ·  post: The American middle class is no longer the majority

Yes. However, the 'take away' isn't simply that fewer people are middle class because more people are upper class. It's important to note that as the aggregate income shifted from middle to upper class, the middle class demographics have changed.

This graph illustrates the point:

The upper class has grown, but the middle class has not simply decreased in number, but also in wealth.