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.
- Despite Crises, Economic Fundamentals Are Strong
- How Misperceptions Spread And Cause Confusion On Money Matters
- Real Spending Power Grew Twice The Rate Of The Last Expansion
- Global Growth Forecast Slows, But U.S. Outlook Remains Stable
- How Long Does It Take To Be A Long-Term Investor?
- Five Observations About The CBO's New Long-Term Debt Forecast
- Fed Apology, Strong Job Growth Bolster Stocks
- Despite Grim Headlines, Economic Growth Is Intact
- Despite December Turbulence, Economy And Business Optimism Were Strong
- Latest Forecasts Show Economy Is Doing Okay
- A Poignant Moment In Financial History Sparks Stocks