America’s Disappearing Middle Class – They’re All Getting Too Rich

It is true – which is something of a first for electoral complaints – that America’s middle class is getting smaller. However, the problem isn’t that people are becoming poorer and thus dropping out of it. Rather, they’re becoming richer and moving on up out of the middle class.

Which isn’t, when you come to think of it, all that much of a problem:

As Mark Perry points out:

Yes, the “middle-class is disappearing” as we hear all the time, but it’s because middle-income households in the US are gradually moving up to higher income groups, and not down into lower-income groups.

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