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Old 03-30-2015, 06:05 PM
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Here you go tiger! It's kind of like pointing out something to a 4 yr-old!

"Bottom Line: In other words, Americas middle class did start largely disappearing in the 1970s, but it was because they were moving up to a higher-income category, not down into a lower-income category. And that movement was so significant that between 1967 and 2009, the share of American families earning incomes above $75,000 more than doubled, from 16.3% to 39.1%. On the previous CD post, Ken commented that although Many prominent people like Paul Krugman claim that the middle class has been in decline since the 1970s, that assertion is incredibly and verifiably wrong.


Yes, the middle class has been disappearing, but they haven't fallen into the lower class, they've risen into the upper class - AEI | Carpe Diem Blog AEIdeas
I can hardly wait to see how the counterpoint will twist this around to where it is not recognizeable.
 
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