FA_Q2
Gold Member
- Dec 12, 2009
- 25,421
- 6,779
No, it does not back your assertion. A larger portion of people are moving UP rather than down. Hard fact.Except that is false.As for the GOP working for the Middle Class, I am what's left of the Middle Class. We are slowly drifting into the poverty class. While min wage has gone up, our wages (which are higher) haven't gone up one thin dime but out cost of living has skyrocketed. Anytime you increase the Min Wage, this is what happens. The Middle Class gets nailed to the wall by the Greedy SOBs that see a way to screw everyone even more. I think that we need to place these Greedy MFers in prison using the Rico act when this happens.
https://informationstation.org/wp-content/uploads/2018/10/AEI-Chart.png![]()
Where’s the Middle Class Going? Up
The facts show that the middle class is NOT sinking into poverty but rising up./——/ Good News, Daryl. You can rest easy. Here are the latest numbers on income:The data is in constant 2016 dollars. It does not matter where you place the cutoff - more have risen to over 100K than have fallen below 35K.Your rant is pretty meaningless considering the hard facts tell a different story. You can claim over and over again that the middle class is degrading into poverty but the facts show it to be false. End of story.
The reality is that more of the middle class is rising rather than falling.
The only thing that is rising is the cutoff for the Middle class. You keep making it go up so that you don't have to figure in anyone below a certain amount. Middle class should be figured at 25k but some use 35K while others use 45K and that figure keeps going up. The Middle Class is shrinking. Yes, the middle class can go up and some do. But the middle class right around 25K to 33K are watching the Poverty rate slowly creep up on them. Lower Middle class is now Poverty.
Should you move the bar even lower then you are only going to DECREASE the number that have fallen into poverty. You are trying to state the numbers are manipulated while posting zero facts, just your conjecture.
It is rather strange that you want to place the cutoff at 25K anyway - that is not middle class at all. You really think that middle class is 12.50 an hour?
When you have 45% of the population earning less than 30K a year then I would say that middle class would fall below 30K. So the figure wouldn''t be off at starting at 25K. But to start it at 35K just isn't accurate. 35K is about 20 bucks an hour. And that's top wage around here. Most are around the 15 buck an hour range or 25K. When you are figuring middle class, it's where the largest group of people are. And the largest group of people are somewhere between the 15 to 20 buck range. So that would mean it would be between 25 to 30K a year for the middle class. By raising it to 35K you give off false data.
“The 2018 piece from Pew reported that, in 2016, the median income for the upper-income class was $187,872. While for the middle class, it was $78,442, and for the lower class, it was $25,624 (in 2016 dollars; figures reflect a three-person household).”
Which Income Class Are You?
And it supports what I have been saying. From your very own cite.
Where does that extreme bottom come from? Is it magically created from a box of Lucky Charms? It has to come for somewhere. It comes from the traditional poverty (which has gone down if you believe the trumpster) and from the slipping middle class. The middle class used to be 60%. What happened. It's not like they all got rich all of a sudden. The upper middle didn't expand. But the Rich did expand. it actually didn't get any more people, it just got richer. Meanwhile, there is only X number of dollars so that money had to come from somewhere. You guessed it, it came from the shrinking middle class. Your claim that the middle class has largely just moved up is incorrect. The ones above the Middle Class remained about the same while the poverty class or lower class went up in numbers. Last time I checked, that meant that the US Economy wasn't doing as rosy red as it's claimed. But a small percentage are doing friggin fantastic.
- The middle class constitutes a slim majority of the U.S. population (52%), but that is still less than it has been in nearly half a century.
- The share of income captured by the middle class has fallen from 60% in 1970 to 43% in 2014.
- The middle class is shrinking due to an increase in population at the extreme bottom and top of the economic spectrum
You know what you have failed to post thus far? A single fact.
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