Tag Archives: War on the Middle Class

Where Are The People Of The Middle Class Going?

To the Upper Class.

There is no lack of reports demonstrating that the middle class is shrinking.  The unspoken conclusion?  That we’re all getting poorer and that somehow, we’re all under attack.

In fact, there is a Pew Report on just that topic:

Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.

But from Pew’s own report we find this:

In 1971 25% of us were in the “Lower Income” bracket.  Today there are 29% of us there.  The middle class shrunk even as the number of “lower income” folks grew in numbers.

But look.

As those of us in the “lower income” grew by 4% points, the number of us in the “upper income” group grew as well.  Grew by 6%.

We’re moving people from the middle to the top.  We’re getting richer, not poorer.