There is always a middle third of US households and its income and wealth continue to increase.
The "disappearing middle class" refers to the fact that some economists - many economists - consider classes in absolute terms - - typically the benchmarks are 2X and 5X the poverty level. If you're above 5X, you're considered "affluent" even if you consider yourself upper middle class. There has been an exodus from this group over the last quarter century but it's been more than 9:1 UPWARD.
There are more poor people but only in line with population growth, and the increase isn't because of a significant number of households moving down, it's because of a significant number of poor people moving HERE, from poor countries, legally and illegally.
2007-08-21
10:06:15
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12 answers
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truthisback
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Politics