Widespread Misinformation Follows Household Median Income Report
Release of the U.S. Census Bureau's annual report on median income received widespread press coverage since its September 12 release, much of it misleading.
Over the last 40 years, the middle-class indeed did grow smaller. However, it was because the proportion of U.S. households in upper income brackets rose strongly.
In 2017, 7.7% of U.S. households were in the highest annual income class — $200,000 and over annually — compared with 1.6% in 1977.
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