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Yes, the middle income bracket is shrinking. The lower income bracket is growing. Even outside of SV wages have stagnated in the lower tiers (since 1974 in vary
by Isamu 8y ago
Yes, the middle income bracket is shrinking. The lower income bracket is growing. Even outside of SV wages have stagnated in the lower tiers (since 1974 in varying degrees.)
(edit) I should add this is by percentage. A recent study says the percentages have stabilized for now.
http://www.pewresearch.org/fact-tank/2018/09/06/the-american-middle-class-is-stable-in-size-but-losing-ground-financially-to-upper-income-families/ http://www.pewresearch.org/fact-tank/2018/09/06/the-american...
- throwaway76543 8y agoThe article you linked shows that more people moved to the upper bracket than the lower (5% vs 4%). In relative terms the earnings growth was even more dramatic -- the upper class grew 27% larger whereas the lower class only grew by 14%. There are more people moving up than down.
- Isamu 8y agoAbsolutely. The news isn’t all bad, and I think most reporting has focused on the decline of the middle, instead of the growth of the bottom.