America’s middle-class is disappearing…. but it’s because they’re moving up, NOT down!

The new animated “bar chart race” visualization above is a dynamic version of the second static chart, and both show the percent shares of US households by total money income for three income categories annually from 1967 to 2020: a) low-income households earning $35,000 or less, b) middle-income households earning between $35,000 and $100,000 and c) high-income households earning $100,000 or more (all in constant inflation-adjusted 2020 dollars).

….

As I’ve explained many times before in reference to these data, the “middle-class is disappearing” as we hear all the time, but it’s because middle-income households in the US are gradually moving up to higher-income groups, and not down into lower-income groups as the mainstream media and leftists (but I repeat myself) would have you believe….

Source: Animated chart of the day: America’s middle-class is disappearing…. but it’s because they’re moving up, NOT down!