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This is well known. The income inequality is high as is, but the number of below middle class to poor is also increased. Unfortunately there is no political wil
by yalogin 6y ago
This is well known. The income inequality is high as is, but the number of below middle class to poor is also increased. Unfortunately there is no political will to help the situation. We are more than happy to provide trillions to wasteful spending but severely against spending on people. Decades of such behavior will of course hurt the country. The sad part is we stopped caring about fixing our house in prosperous times as well.
- rayiner 6y agoNot really: https://www.nytimes.com/interactive/2015/01/25/upshot/shrinking-middle-class.html https://www.nytimes.com/interactive/2015/01/25/upshot/shrink.... The percentage of households making below $35,000 (inflation adjusted) has shrunk since 1967, though it's up modestly since 2000.
- zigzagzog 6y agoDoes inflation account for housing costs?