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> The middle class is shrinking in the US, because they're moving up. This is only half the picture. The middle class is shrinking in the US, because some are
by knightofmars 7y ago
> The middle class is shrinking in the US, because they're moving up.
This is only half the picture. The middle class is shrinking in the US, because some are moving up and some are moving down.
- Consultant32452 7y agoAccording to the US Census data, the percentage of households that are low income is smaller than ever. https://fee.org/articles/why-our-shrinking-middle-class-is-a-good-thing/ https://fee.org/articles/why-our-shrinking-middle-class-is-a...
- knightofmars 7y agoNo, according to Mark J. Perry and FEE the percentage of households that are low income is smaller than ever, not the US Census data. This article cherry picked $35,000 as the middle to lower class threshold for a reason. The Brookings Institute, "Our definition is a relative one, meaning that the thresholds pictured above will shift as the income distribution changes shape. If income rises across the distribution, so too will the thresholds that delimit middle-class incomes." Long-running non-biased standard measures of middle-class do not agree with this article's definition of where the middle-class starts and ends: https://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/ https://www.pewsocialtrends.org/2015/12/09/the-american-midd... https://www.brookings.edu/who-are-the-middle-class/ https://www.brookings.edu/who-are-the-middle-class/