Boom: The upper middle class now largest income group in the United States
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Poast new message in this thread
Date: April 6th, 2026 9:52 PM Author: Richard Ames
LJL I saw the article in the WSJ today and just laughed my ass off. It's from an American Enterprise Institute report that defines UMC as a family earning between 5x and 15x the poverty guideline. Or $133k - $400k.
When you read the article it just highlights people who behave in a historically typical middle class fashion. Driving older cars, having cash on hand to pay off random $1,500 HVAC repair bills, etc. It's just a rebranding of "middle class" that is obviously disingenuous. It's like watching Roseanne in the 90s and saying "oh wow they're UMC!"
(http://www.autoadmit.com/thread.php?thread_id=5854356&forum_id=2pk5w1#49799105) |
Date: April 6th, 2026 9:59 PM Author: oomox
There's a thread about the WSJ article on this: https://xoxohth.com/thread.php?thread_id=5853684&forum_id=2
They're GASLIGHTING US. They're defining these categories relative to the poverty line. Compared to 1979, the numbers don't reflect the costs of housing, education, and health care, which are rising waaay faster than the cost of goods. They also don't take into account location. Just income distribution on a national level.
2/3 of Americans live paycheck to paycheck. That CANNOT be squared with the idea that 1/3 of American households are Doing Great.
(http://www.autoadmit.com/thread.php?thread_id=5854356&forum_id=2pk5w1#49799119) |
Date: April 6th, 2026 10:25 PM Author: oomox
> "The whole distribution of Americans, from poor to rich, has done better over time. And to the extent that fewer people are within a fixed income range that we might think of as middle class, that's just because everybody's gotten richer over time," Scott Winship, a co-author of the report and a senior fellow at AEI, told CBS News.
LIAR LIAR LIAR LIAR. Buying power has DECREASED STEADILY since the 80s (thanks Reagan!) due to the rising cost of housing and education while wages aren't even close to keeping up. Americans are only "richer" in absolute dollars compared to the cost of GOODS. That doesn't mean ANYTHING when we all have to pay for HOUSING.
(http://www.autoadmit.com/thread.php?thread_id=5854356&forum_id=2pk5w1#49799176) |
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