An arguably better treatment of this topic from the WSJ a few weeks ago: http://blogs.wsj.com/economics/2016/06/21/not-just-the-1-the-upper-middle-class-is-larg

An arguably better treatment of this topic from the WSJ a few weeks ago: http://blogs.wsj.com/economics/2016/06/21/not-just-the-1-the-upper-middle-class-is-larger-and-richer-than-ever/ http://blogs.wsj.com/economics/2016/06/21/not-just-the-1-the... (The key finding is that most of the people who have "left" the middle class have gone up, not down.)