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Middle-Class Rising

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There’s been a lot of reporting recently about a new Pew Research Center report misleadingly titled “The American Middle Class Is Losing Ground” and even more misleadingly subtitled “No longer the majority and falling behind financially.”  But here’s a picture of Pew’s own data on the ‘decline’ of America’s middle class.  Pew [2]

And here’s a further picture of this same ‘decline’ offered, using Census Bureau data, by Mark Perry.middleclass1 [3]

Some ‘decline.’ (Note that Mark rightly relies also upon work by Scott Shackford [4] and Warren Meyer [5].)