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The only way I can figure it is if at least 100 million leave the middle class first.
by Uhhrrr 12y ago
The only way I can figure it is if at least 100 million leave the middle class first.
- hkmurakami 12y agoIf you define middle class solely by income (rather than accumulated wealth), and consider them "middle class" just from one year's worth of middle class level income (an abberation, basically), then this may be perhaps possible? I remember there was an article on HN that described such "income churn" for the population, and it was tremendous how people enter and exit mid to high income ranges throughout their lives.