- Cafe Hayek - https://cafehayek.com -

The ‘Disappearing’ American Middle Class

Tweet [1]

HT to Michael York for alerting me to this Money Illusion post by Scott Sumner [2] – a post that contains this graph:


Relatedly: below it is a screen-shot of a slide in one of my PowerPoint presentations:

Screen Shot 2016-04-17 at 1.08.15 PM

UPDATE: Ike Pigott, in the comments, sends along this “in motion” version [3] of the graph from Scott Sumner’s post that I share above.