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by ryanwaggoner 3361 days ago
The middle class is basically gone at this point, and the majority of people are either upper-middle class or lower class.

This is only true if you have some bizarre definitions that you're using. The decline of the middle class has been a few percentage points. It's certainly not "gone".

More than 50% of households in America make $25-100k. That's solidly middle-class.

https://en.m.wikipedia.org/wiki/Income_in_the_United_States

2 comments

$25k is really not middle class, especially in cities with higher COL.
25k isnt even enough to pay rent after taxes in quite a few cities where the jobs are. If you take Boston for example and follow the rule of thumb of 30% of your net income for rent, youd need around 80k to afford a 1 bedroom apartment without roommates