3 years ago
Is Middle Class Stagnation a Myth?
The decline of the American middle class began around the mid- to late-1980s, at the same time as the negative long-run changes in modern American life — increased income and wealth inequality, lower social mobility — began to intensify. The figure below shows the share of the middle four deciles in total market income. (Market income includes all labor and property incomes, plus income from own businesses.)
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