Wednesday, January 06, 2016
The middle-income moved up
Wrong. They moved up. While the middle group got smaller the top group got larger; even the lower group got smaller. Data for 1967 to 2014.
The change is not due to more women working. The number of workers per household is unchanged from 1960 to 2000 at 1.22. Source: US DOT (I don’t use “class” terminology, but “income.”)
Graphics and data from Prof Mark Perry’s Carpe Diem blog at AEI - American Enterprise Institute. Click to enlarge.