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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 even as most Americans do not feel richer.
- Rising household wealth shifts where Americans sit in income tiers, reflecting that Americans have never been richer.
- The column points to data such as the 562 figure and a 2k breakdown in the column's statistical analysis.
- Analysts disagree over whether a shrinking middle class poses social or political problems, and the debate raises questions about its relevance for public understanding and policy debates.
- The trend matters for long-term inequality and policy choices, the piece says, highlighting contemporary U.S. economic trends and challenges for policy makers.
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27 Articles
27 Articles
Coverage Details
Total News Sources27
Leaning Left2Leaning Right1Center24Last UpdatedBias Distribution89% Center
Bias Distribution
- 89% of the sources are Center
89% Center
C 89%
Factuality
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