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The American middle class is shrinking, and that’s OK
Despite the shrinking middle class, overall American household wealth has reached record highs due to rising incomes and asset gains, economists say.
- Schrager, Bloomberg columnist and senior fellow at the Manhattan Institute, says the American middle class is shrinking despite many Americans not feeling richer.
- Americans have never been richer, and rising aggregate household wealth and incomes shifted many households across income tiers.
- Specific measures cited include a 562 figure and a 2k datapoint in the column's statistical analysis.
- Analysts disagree over whether a shrinking middle class is a social or political problem, and commentators say this debate is key for public understanding and policy debates.
- The trend matters for long-term inequality and policy makers amid contemporary U.S. economic trends, the piece says.
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13 Articles
13 Articles
Coverage Details
Total News Sources13
Leaning Left1Leaning Right0Center12Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
Factuality
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