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Some interesting facts:
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.
Source: http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/

What do you think? Will this trend continue? And what does it mean for society if the middle class vanishes?

<blockquote data-quote="Walter" data-source="post: 235298" data-attributes="member: 1">Some interesting facts:<ul>
<li data-xf-list-type="ul">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.</li>
<li data-xf-list-type="ul">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</li>
<li data-xf-list-type="ul">The middle class made up 50% of the U.S. adult population in 2015, down from 61% in 1971.</li>
</ul>Source: <a href="http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/" target="_blank">http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/</a>What do you think? Will this trend continue? And what does it mean for society if the middle class vanishes?</blockquote>

[QUOTE="Walter, post: 235298, member: 1"] Some interesting facts: [LIST] [*]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. [/LIST] Source: [URL]http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/[/URL] What do you think? Will this trend continue? And what does it mean for society if the middle class vanishes? [/QUOTE]

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