3 ms·
Just to clarify, I'm saying of the small percent of the middle class that disappears every year, slightly more than half rise while slightly less than half fall
by jackcosgrove 5y ago
Just to clarify, I'm saying of the small percent of the middle class that disappears every year, slightly more than half rise while slightly less than half fall. I acknowledge it was unclear, but I don't mean that 60% of the entire middle class is now upper middle class.
https://www.brookings.edu/research/squeezing-the-middle-class/ https://www.brookings.edu/research/squeezing-the-middle-clas...
> the main reason for the shrinking of the middle class (defined in absolute terms) is the increase in the number of people with higher incomes