What precisely makes up of this middle class that you base your post on? It gets boring relitigating stuff from pages ago, but the *median* household has more money, in *real terms*, than ever before.
The lower middle (2nd lowest quintile) has more money, in real terms, than ever before.
The official US Census’ poverty rate has stayed flat around 11% for forever. World Bank has Germany at 16%, Sweden at 16%, Netherlands at 14%, Switzerland at 16%. (They use slightly different criteria but the aim of the metric is similar).
So what it comes down to is that people in the US at all income classes are doing better and better relative to the living costs….but you claim its bad because they *might not* be improving *as fast* as the upper upper upper classes?
That is a really fucked up toxic belief. Like, if im a orthopedic surgeon and “quite rich”, its terrible because jeff bezos the billionaire is way richer? Thats not broken economics, thats broken psychology.
**
also lookie here and give me your thoughts.