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The middle income group in the US has shrunk to around 48% of population. The lower income group has grown a bit and this is the real problem. This group is de
by Isamu 8y ago
The middle income group in the US has shrunk to around 48% of population.
The lower income group has grown a bit and this is the real problem. This group is defined as below 75% of median.
The upper income group has also grown significantly. This is defined as above 200% of median. While we complain (rightly) about the share going to the upper few percent, the percentage of population that is upper income in the US may be significant compared to other "rich" countries. But we aren't given that graph for comparison.
- return1 8y agoThat is the case https://www.pewresearch.org/fact-tank/2018/09/06/the-american-middle-class-is-stable-in-size-but-losing-ground-financially-to-upper-income-families/ https://www.pewresearch.org/fact-tank/2018/09/06/the-america...
- padobson 8y agoWow. According to that first chart, the middle class has shrunk 10% since 1971, with the upper class getting 5% larger and the lower class getting 5% larger.
- rukittenme 8y agoConsider the number of retirees on fixed incomes in 1971 versus 2016. The US is getting wealthier and older.