Middle class IS shrinking. But 2/3 of those who left the middle class have become RICH!
The left keeps lamenting the shrinking middle class. And the middle class IS shrinking as a percentage of Americans. But here’s the the catch: Turns out that2/3 of the middle class losses are because they moved to “rich”!
Kudos to the REASON Foundation and Professor Mark Perry (who assembled the updated piece below) for sharing this insight. ——– http://www.aei.org/publication/yes-americas-middle-class-has-been-disappearing-into-higher-income-groups/ AEI
Yes, America’s middle class has been disappearing….into higher income groups Carpe Diem … Read More