Some interesting facts:
What do you think? Will this trend continue? And what does it mean for society if the middle class vanishes?
- Fully 49% of U.S. aggregate income went to upper-income households in 2014, up from 29% in 1970. The share accruing to middle-income households was 43% in 2014, down substantially from 62% in 1970.
- In 2015, 20% of American adults were in the lowest-income tier, up from 16% in 1971. On the opposite side, 9% are in the highest-income tier, more than double the 4% share in 1971
- The middle class made up 50% of the U.S. adult population in 2015, down from 61% in 1971.
What do you think? Will this trend continue? And what does it mean for society if the middle class vanishes?