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hfojvt

(37,573 posts)
5. did they say where the other 10% went?
Sat Aug 25, 2012, 02:53 PM
Aug 2012

If the middle class got smaller by 10% "the number of Americans who fit into that category shrunk from 61 percent in 1971 to just 51 percent in 2011." Then where did that 10% go? Up? Or down?

That answer affects the "share of income" chart that they show. If the wealthy class got bigger and the middle class smaller, then the trend of their aggregate income is not that shocking or outrageous.

My charts talk about the same size group, although I wish I had data going back to 1966 or even just 1976, because it was Reagan who started the ball rolling and even 1986 is sorta post-Reagan. http://www.koch2congress.com/5.html

Recommendations

0 members have recommended this reply (displayed in chronological order):

The 1%'s response: kestrel91316 Aug 2012 #1
Amen a geek named Bob Aug 2012 #2
kr HiPointDem Aug 2012 #3
Interesting, ProSense Aug 2012 #4
What would you characterize as Reaganomics? girl gone mad Aug 2012 #8
did they say where the other 10% went? hfojvt Aug 2012 #5
It's liable to get worse. moondust Aug 2012 #6
I know it's true in our family. hunter Aug 2012 #7
k&r CabCurious Aug 2012 #9
It's not just income that's down dickthegrouch Aug 2012 #10
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