The Extinction of the Middle Class
Since the ‘70s, we have heard about the shrinking of the middle class, but is it true? There are some statistics that prove the middle class is shrinking but much slower than most people realize. Before we can figure it out, we need to know who exactly makes up the middle class, and that’s not as simple as you may think. Most people would say someone making $50,000 to $100,000 would be middle class, but if you lived in New York City or San Diego,...
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