According to the graphs, the US middle class is actually still doing pretty good. I was expecting it to do a lot worse than that of many European countries, but there's only a few countries that have overtaken the US middle class, and then just barely.
Puts all those articles about the weak US middle class in perspective.
The real travesty is at the bottom. The worst 10% are actually doing worse now than 30 years ago. The few groups above that didn't benefit at all from the enormous economic growth of the past decades. The extreme growth of the wealthiest 10% is simply outrageous by comparison. But the middle class isn't doing quite as badly as I expected.
Puts all those articles about the weak US middle class in perspective.
The real travesty is at the bottom. The worst 10% are actually doing worse now than 30 years ago. The few groups above that didn't benefit at all from the enormous economic growth of the past decades. The extreme growth of the wealthiest 10% is simply outrageous by comparison. But the middle class isn't doing quite as badly as I expected.