Yes, the middle class (of income) is shrinking. But it's not because people are getting poorer.
Showing posts with label decline of the middle class. Show all posts
Showing posts with label decline of the middle class. Show all posts
Thursday, September 17, 2020
Tuesday, October 27, 2015
Middle Class Incomes Declining?
The constant drum beat from the left: The Middle Class is disappearing. The number of people with middle class incomes is declining. Well, yes. The percentage of households earning less than $100,000 is, in fact, declining because more and more of those households are now earning greater than $100,000. How could that possibly be a bad thing? Unless you're a demagogue running for President.
Subscribe to:
Posts (Atom)