[Political Junkie Too]

Except people don’t stay in the same quintiles all their working lives. They usually progress.

So, what this chart is really showing is that the baby-boomers have progressed to the top of their pay scales as they near retirement?

Would that mean that the chart will start to go down again as the boomers leave the job market, and those behind them find fewer jobs with lower pay limits?

-PJ

[driftless2]

With a Marxist in the White House, things can change. The Great Spreader's idiotic economic policies (and other Marxist distributionist policies of Dems over the last half-century) can destroy what was gained under the last sixty year's semi-free market economies. Let's just say that for the past sixty years, the middle class has gotten progressively wealthier. All classes of Americans, even the "poorest" class, have more material things than they had fifty-sixty years ago. That's a proven fact.

And people focusing on income "inequality" also forget that the birth rate of Americans from the two poorest segments of the populations, Blacks and Hispanics, has risen faster than the population of White Americans. Blacks and Hispanics are the groups least likely to get decent educations and advance to the middle class and beyond. That Black and Hispanic population growth and refusal to progress at the same rate compared to the White population drags down the average.