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0 pointscharliea06mo ago0 comments

The largest contributor to the shrinking middle class has been more and more people are moving into the upper class.

You can look at Pew's survey here: https://www.pewresearch.org/social-trends/2015/12/09/1-the-h....

The upper-income tier grew from 14% -> 21% as the middle-income tier shrank from 61% to 50%. To be perfectly fair, the lower-income tier class did also increase from 25% to 29%. The story is complicated.

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kashunstva6mo ago

Notably, the report was published in 2015.

As you said, the story is complicated. Even in 2015, a decade ago:

> There is one other stark difference: only upper-income families realized notable gains in wealth from 1983 to 2013.

During the period of analysis then, either consumption among the lower two tiers eliminated their available savings ability, or the real purchasing power over this period declined, leading to the same effect.

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