Some in the Lower & Middle Class Have Disappeared – But Guess Where They’ve Gone?

  • Bernie Sanders goes on about the disappearing middle class every chance he gets
  • But is he right? Sort of…
  • Since 1967, households earning less than $100,000 (in 2014 dollars) have gotten smaller in number – they’ve been disappearing
  • Look at this:incomeshares
  • And this:IncomeShares1

Note that households earning more than $100,000 have more than tripled during that time. They’re disappearing, all right, but reappearing in HIGHER income brackets. The Bernie Sanders populist “everything is bad because the rich are taking from you” narrative is nonsense.

H/T American Enterprise Institute


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