Wednesday, March 27, 2019

The middle class isn't going to disappear

"America’s middle class is disappearing but it’s because they are moving into higher income groups not moving into lower income groups. Between 1969 and 2017, the share of US households making $100,000 or more (in constant 2017 dollars) has more than tripled from 9% to 29.2%, while the share of households making $35,000 to $100,000 decreased from 53.8% to 41.3%. And the share of households making $35,000 or less decreased from 37.2% to 29.5%." Carpe Diem

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