This article should really read the middle class are moving ahead. Sure the middle class as a whole may be shrinking, but according to this graph in this article it actually shows something positive. It shows 10% has moved out of middle income, but what people are not looking at is where did this 10% go? Look carefully and you will see that the reality of it is that actually 6% moved into the upper income and 4% moved into the lower. So over the past 40 years that actually means more middle income people did better and that overall the upper income level in america has increased the most. There used to be 11% more lower income level people than upper but that gap has narrowed to only 9% now.
Don't get me wrong, I would like to see us do more to be able to shift that 4% back to middle and bring some more from lower into it too. Same as I would like to see the continuing trend of more middle shifting towards upper as well. I would also have to imagine a large part of those that shifted towards the lower is probably due unemployment and or being underemployed currently. A rise back in the American economy and job sector could easily make these numbers change. As the cost of doing business in China rises economist's are predicting a shift of jobs returning back to the US. Some places have already started this.
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