3 ms·
The actual numbers are surprising though. 1. Most of the decrease in the middle class was driven by MC people moving to the upper class So 2. The ratio of lower
by dabbledash 2y ago
The actual numbers are surprising though.
1. Most of the decrease in the middle class was driven by MC people moving to the upper class
So
2. The ratio of lower class to upper class is actually lower than in the 70s.
- brutus1213 2y agoInteresting point I never considered. Is the cut off for UC really just 1 million dollars in net worth? Seems implausible given house prices in places like California. Is essentially every home owner UC?
- aeonik 2y agoNet worth means after debt is subtracted. If I convinced the bank to loan me 1 million dollars for a 1 million dollar house, my net worth would remain unchanged. https://wikipedia.org/wiki/Net_worth https://wikipedia.org/wiki/Net_worth