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Worth giving credit where it’s due. at put together the main chart referenced in original post. put together the housing cost chart I’ve used multiple times in thread. Both do great work.
Read it more carefully in conjunction with looking at what the group to the top and bottom has done. The chart is the poster child for upward mobility.
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12 million fewer births on US soil than the Census projected since 2007 suggests that the middle class has given up the future to make it in the present.
I share your concerns about the population data. I’m not convinced your reasoning makes sense.
data suggests that more young adults than ever have given up on families and children to "make it"!
I do think young people have figured out new priorities, some of which are troubling to anyone looking at population data. But I think we should be cautious with correlation = causation.
Charts like these ignore cost of living. Many who make over 100k live in cities where that is lower middle class income.
It’s about 53% of married couple households that are two income compared to 44% in 1967. Now, the latter probably involved a lot more part time versus full-time.
But you also have to consider that we have a much higher percentage of single-parent households today. Unless you
$100,000 in 1970 is roughly equivalent to $825,000 today. Need to redraw the chart to adjust over time for inflation for it to be truly meaningful.
Fun how expenses aren't considered just inflation adjusted income.
1 bedroom apartments were not $2000 in 1970, inflation adjusted.
Do you know what inflation measures John? If you said “increases in consumer prices” you’d be correct.
Here’s what could get more expensive with Trump’s new tariffs.
This chart looks a lot different with proper categories. If it were reorganized to appropriately represent low/middle/upper, these data points would be far more telling of a middle class gutting.
250+
125-250
70-125
0-70
250+ has far and away been the big winners up until now.
Well, the median household income US 80k, so I think the chart isn’t so bad. The fact is that the share of people making over 100k has gone way up and the share of people making under 35k has gone down. Only people in big cities think $100k is chump change.
You’ve got to look at the fact that the plus $100k category is expanding while the two lower brackets are contracting. This chart is the poster child for upward mobility.
Retarded post of the day award goes to you!!! Showing a chart where incomes are decreasing while completely ignoring the increase in expenses is top tier retardation. Well done
Not being able to read a very basic chart that shows incomes increasing even when adjusted for inflation while questioning someone else’s intelligence is really excellent, too!
Imagine being stupid enough to think that financial quality of life depends merely on income without also considering increased cost of living.
Wait, don't bother--the idiots right above.
Imagine not understanding when a chart is adjusted for inflation and insulting someone else’s intelligence. That would be really wild!
And note that this is "money income" which means that the lowest category would be much smaller, and the middle class bigger, if the value of non-money transfers were included.
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It'd be useful to see a purchasing power chart to accompany this. What can a family that is middle-income afford today compared to when the chart began? I think people who use the "gutted" language have purchasing power (not just raw income) in mind when they use that term.
The chart is adjusted for inflation. I don’t know how many times I have to say that, but I’ll keep at it.
I reject the classification of income groups in this chart. $35k-$100k is too wide a range and no one would consider a family making $35k a year as middle class. Also, a family making $100k is not upper income in today’s world.
I mean, the middle class literally shrunk by ~30% in this graph... I think that safely qualifies as being gutted. We apply that word to headcount reduction at companies that are far lower total decreases.
The lower class shrunk too, which means they didn’t move down. The chart shows upward mobility.
The American upper-middle class is vastly bigger now than it was several decades ago.
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Nominally chart looks great but inflation adjusted not so much . 100k is not middle class
Congratulations on making a deceptive graph that hides the problem everyone feels...
1. I didn’t make the graph.
2. It’s not misleading. It shows growth in household incomes across the spectrum.
3. “Feelings” can be misleading. I prefer facts.
4. Your own chart shows substantial growth of income for middle America. So who cares if the rich got even richer?
Housing affordability in high demand urban areas is certainly a problem. But worth noting that the trend line of what we spend on housing as a percentage of income is pretty stable.
It’s adjusted for inflation. We have much higher purchasing power today, which is reflected in the fact that we have way bigger houses, more cars, more stuff, and more leisure/entertainment.
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Lazy analysis. Now show these figures relative to median home cost in every era.
It is adjusted for inflation, but for your comparison to count we’d also have to look at changes in home size, etc. For instance, the average house today is more than 2.5 times as big as it was in 1950.
Yes, because fear and envy sell. They get people to abandon reason for feeling and then they can exert control.
That’s should’ve been corrected not by the price index but by gdp/capita
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And a shrinking of the lower income bracket and growth in the upper bracket — meaning upward mobility.
I don't disagree with the point being made but $35 K per year is hardly "middle class" at this point.
It’s a range, but if it’s easier, just forget the words and focus on the amounts. They show upward mobility.
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Middle income $35,000?!?!? High income $100,000?!?!? I mean they can be depending on family size and location but are very often not. So you are making a point simply by giving definitions that confirm that point.
Yes, the 20%, who were able to move into the high income threshold b/c of the service economy, love it. The 58% who weren’t, and feel left behind, absolutely hate it.
𝑴𝑺𝑵𝑩𝑪 𝑮𝒖𝒆𝒔𝒕 𝑻𝒆𝒍𝒍𝒔 𝒕𝒉𝒆 𝑻𝒓𝒖𝒕𝒉 𝑨𝒃𝒐𝒖𝒕 𝑾𝒆𝒂𝒍𝒕𝒉𝒚 𝑬𝒍𝒊𝒕𝒆𝒔
Scott Galloway, multi-millionaire professor gives dire warning about the decline of American capitalism and wealth inequality.
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Once again, this is only looking at one side of the ledger. How are costs? I don't dispute that the world is a better place and I'm not into class warfare, but simplistic figures don't tell the whole story.
Thomas Sowell, in “Quest for Cosmic Justice” pointed out that something like only 7% of people stay within their income class thru their lives, meaning people ascend to higher salaries in their lives thru experience/promotions and wealth accumulation, and the next generation
So increases cost of high education , insurance, housing, autos and auto insurance follow same trend line
Middle class shrinks 30%? No problem. Just re-label them as “high income” call it a day. Cool. 
Weird how you are using net income per household. It's almost like in 1967 when one of two parents worked, vs now when both parents work and pay for childcare, the quality of life has declined dramatically for the middle class
Nope. two income families means higher income and the consequence is worse parenting, thus lower wealth.
This chart is dog shit. People making $40k are NOT middle class anymore.