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Wait, this is sensationalized. Within the article the quote is "Roughly 40 percent of Americans who are considered middle class (based on their income levels) w
by laser 8y ago
Wait, this is sensationalized. Within the article the quote is "Roughly 40 percent of Americans who are considered middle class (based on their income levels) will fall into poverty or near poverty by the time they reach age 65..." And their definition of near poverty is twice the poverty level? If I can live comfortably on less than 75% of that in LA, I don't see how that could be considered poverty. The 2.6 million, which I assume implies 12% of middle class is what slip below the FPL.