Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The change in the skewing within the middle class looks to me to be a positive development.
Three quick thoughts emerged from my morning walk:
1. It is encouraging the "real" incomes of Americans have in general increased through recent decades.
2. The chart suggests two reasonable sources of additional tax funds as needed to address widely perceived inequities in the current distribution of assets and incomes in the population: the upper class (the rich) and the upper middle class.
3. My personal list of priority inequities that need to be mitigated: (1) access to adequate housing and medical care, (2) access to enhanced educational opportunities for disadvantaged children, and (3) access to enhanced job training and retraining opportunities.
Comments
1967: 84% middle class
2016: 85% middle class
The working class is another story. As the WaPo concluded: "Falling behind is the lower middle class, once called the working class."
Three quick thoughts emerged from my morning walk:
1. It is encouraging the "real" incomes of Americans have in general increased through recent decades.
2. The chart suggests two reasonable sources of additional tax funds as needed to address widely perceived inequities in the current distribution of assets and incomes in the population: the upper class (the rich) and the upper middle class.
3. My personal list of priority inequities that need to be mitigated: (1) access to adequate housing and medical care, (2) access to enhanced educational opportunities for disadvantaged children, and (3) access to enhanced job training and retraining opportunities.