Oh no, the middle class is shrinking...
Via SCSU Scholars comes this interesting post on EconBlog. Seems that the Washington Post has run an article headlined that the middle class is shrinking. Which is true, but according to their own chart, so are the two quintiles of households below the middle class. So the middle class is shrinking... because the upper class is moving above the "middle class" quintile (35-50 grand a year).
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