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The ‘Disappearing’ American Middle Class

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

Screen-Shot-2016-04-12-at-8.20.55-PM-e1460507084740

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.

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