Hmmmm...in 1970, about 11% of families made more than $75,000 while about 68% made less than $50,000. I'll do the math for you, that means about 21% made between $50,000 and $75,000.
Now, about 26% make more than $75,000, an increase of 136%. I'd say that was a good thing. About 55% make less than $50,000, a drop of about 21%. About 19% make between $50,000 and $75,000. The total making $50,000 and above (that sounds middle class to me) is now 45%, up from 32% in 1970, about a 41% increase.
First of all, Mase's charts compare FAMILY income. The problem with his charts are manifold. The biggest of which is the growing number of American families that have been forced to become two income families just to make ends meet.
You need to show the number of workers per family in 1970 and compare it to number of workers per family now. Don't forget, more divorce and more never married single parents would tend to pull family incomes down, yet we still had impressive growth in family incomes.
For instance, there are 11 times as many working married women with children under 6 years of age.
No more recent numbers? 1970 maybe?
then this renders Mase's deceptive stats meaningless:
That's funny considering your goldbug charts.
And btw, the median income of full-time, year round male workers has also been steadily falling during this same time period
I'll bet if we excluded illegals from those stats, they would look a lot better.
And let's not forget our personal savings rate:
And let's not forget our household net worth.
he is deliberately misleading his fellow FReepers into believing that we are better off today than we were in previous decades.
Yeah, higher family income is a sign that we are worse off. If you keep stretching like that, you'll hurt your back again.
That might be the case for the money-changers at the top of the financial food chain,
Wow, money changers. That's like biblical or something. Unlike the honest and ethical.......what do you do again?
And BTW, those Americans vote.
Yes, as you've shown, you don't have to understand anything about economics to vote.
BTW, are you ever going to respond to my posts about your "professor"? Yes or no?