The middle class is shrinking, but not because they are getting poorer, but because more are becoming upper middle class: https://marginalrevolution.com/margin

The middle class is shrinking, but not because they are getting poorer, but because more are becoming upper middle class: https://marginalrevolution.com/marginalrevolution/2016/06/the-middle-class-is-shrinking-because-many-people-are-getting-richer.html https://marginalrevolution.com/marginalrevolution/2016/06/th... http://www.aei.org/publication/yes-the-us-middle-class-is-shrinking-but-its-because-americans-are-moving-up-and-no-americans-are-not-struggling-to-afford-a-home/ http://www.aei.org/publication/yes-the-us-middle-class-is-sh... This piece from the Minneapolis Fed is also worth reading: https://www.minneapolisfed.org/publications/the-region/where-has-all-the-income-gone https://www.minneapolisfed.org/publications/the-region/where...