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> You know that the upper middle class is the one that loses the most in these recessions, their risks of slipping into poverty rise drastically. This is an in
by pmiller2 6y ago
> You know that the upper middle class is the one that loses the most in these recessions, their risks of slipping into poverty rise drastically.
This is an interesting, and certainly plausible assertion, but do you have data backing it up?
- troughway 6y agohttps://www.brookings.edu/blog/up-front/2018/12/04/how-the-great-recession-hurt-the-middle-class-twice/ https://www.brookings.edu/blog/up-front/2018/12/04/how-the-g... https://www.telegraph.co.uk/news/politics/7892788/Middle-class-had-biggest-losses-from-financial-crisis.html https://www.telegraph.co.uk/news/politics/7892788/Middle-cla... Most recessions/economic downturns have the same story - Great Recession, 1980s, 2008, recent ones.
- pmiller2 6y agoI didn't see anything about middle class people slipping into poverty in those links.