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user-inactivated · 3280 days ago · link · · parent · post: The American middle class is no longer the majority
Huh. Maybe I'm looking at it wrong, but I kind of came into this expecting only the lower class segment to be growing. It looks like there's some growth in the upper class segment too.
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.