Rising Prosperity Shrinks Middle Class

AEI’s Mark Perry highlights the same dynamic I identified in the Upside of Inequality (pp.157-161): the middle class is “shrinking” because more families are moving into higher income brackets.

http://www.aei.org/publication/yes-the-us-middle-class-is-shrinking-but-its-because-americans-are-moving-up-and-no-americans-are-not-struggling-to-afford-a-home