Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
wasoxygen · 3012 days ago · link · · parent · post: The American middle class is no longer the majority
Here's another take on the Pew data: http://fee.org/anythingpeaceful/3-charts-on-the-disappearing-middle-class/ It points out that the middle class count dropped from 61 to 50 percentage points, losing 11. Four of them dropped to lower tiers, seven rose to higher tiers. "The American Middle Class Is Losing Ground" sounds inappropriately pessimistic. It also reproduces a graphic from a Carpe Diem post which shows long-term growth in the $100K+ households while poorer brackets get smaller. Carpe Diem had an almost identical response to an almost identical Pew report a few years earlier.