Posted on 12/10/2015 7:15:09 AM PST by SeekAndFind
The middle class is no longer the majority in America.
That’s the finding of a Pew Research Center report released Wednesday detailing how incomes and wealth have changed in the U.S. over more than four decades.
There were 120.8 million adults in middle-income households in early 2015, compared with 121.3 million in lower- and upper-income households combined. It’s the first year since the nonpartisan research entity began tracking this data around 1970 that the latter total dwarfed the middle-income figure.
Pew dubbed this a possible tipping point in the long erosion of the U.S. middle class, but in reality the division of Americans' income pie has looked roughly the same for the last five years. Behind the decadeslong shift is the increasing concentration of income and wealth among the affluent.
Pew's study of data from the U.S. Census Bureau and the Federal Reserve Board of Governors found that the share of U.S. adults living in the upper-income tier grew more than the slice of those living in lower-income households.
"High-skilled workers are increasingly favored, and if you're of low skill, lesser education, you're very likely to be left behind," said Rakesh Kochhar, an associate director for research at Pew.
The nation's shrinking middle class is a key issue shaping the 2016 presidential campaign, with Vermont Sen. Bernie Sanders centering his candidacy on income inequality. A Wall Street Journal/NBC News poll in January found that 47% of respondents considered reducing income inequality an absolute priority for the government to pursue this year, with Democrats placing far greater importance on it than Republicans.
Pew defined a typical middle-income household as one with three people that earned between $42,000 and $126,000 in 2014.
(Excerpt) Read more at blogs.wsj.com ...
Somewhere on Pennsylvania Avenue, people are slapping one another on their backs exclaiming “Good job!, “Good job!” “We are making great strides to fundamentally transforming America.”
Oldplayer
Change that you can believe in...
Is the GOP just stupid.
Didn't I see Jeffery Bezo make 29.5 Billion last year a Democrat
You will note that the upper class has increased from 14% of the households to 21% of the households since 1941. These households contain a much higher proportion of voting adults than lower and middle class households, who have more children in them.
This massive number of voters, combined with high income and assets, allows the upper class to dominate the political and business world. They are the rulers, and what they want is what will happen.
Ooops, that should be 1971, sorry about that.
America’s Mexican and African lower income classes are the majority.
And some of them aren’t even illegal.
Back in Mexico and Africa at their current level of prosperity they would be upper income.
If you assume that there has been an influx of roughly 30 million illiterate and uneducated illegal aliens since 2002, which is close to 10% of the population, who automatically add to the lowest income brackets ,those numbers look remarkably good.
NOT good news! We are building a durable constituency for Bernie Sanders/Liz Warren brand Socialism.
Nothing goes on forever.
The trend of the last 100 is reaching the end game. The left has managed to get control much of our society and have been able to hide behind the lie that socialism equals compassion and fairness.
However, with out hard working productive citizens, there is nothing to share.
With few exceptions, everything the government spends it must first take from someone.
What is going to happen when the producers quit producing?
One of the overarching goals of the elites, and the leftists that serve them, is the destruction of the middle class in the Western world, and especially in America.
The middle class and their values stand directly opposed to the agenda of the global elites.
The agenda of the elites can never be fulfilled as long as the American middle class exists as a force. That is why Obama has sought to destroy us during his tenure. And guess what? He has largely succeeded.
I believe the actual number of illegals in America to be around 54 million.
That is very possible
I assume 30 million have come in since 2001 which is reasonable since 2 million coming in per year for the last 15 years is a very supportable number and that there were at least those famous “12 million illegal aliens” that Clinton and the rest used as the illegal population since before 2001.
That makes 44 million illegals a pretty reasonable number so 54 million is realistic as an upper boundary .
What is going to happen when the producers quit producing?
Venezuela
Pew Research is NOT non-partisan: it is strongly democrat(socialist)!
Does this include illegals?
bump
the rich get rich and stay rich because of they own the democrats...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.