All The Wealth The Middle Class Accumulated After 1940 Is Gone

Posted: 2014/10/27 by Punkonomics (@dearbalak) in Links/Articles/Video
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http://www.huffingtonpost.com/2014/10/20/middle-class-wealth-shrinks-1940s_n_6014874.html

Here’s more proof the middle class is dying.

The middle-class share of American wealth has been shrinking for the better part of three decades and recently fell to its lowest level since 1940, according to a new studyby economists Emmanuel Saez of the University of California, Berkeley, and Gabriel Zucman of the London School of Economics.

In other words, remember the surge of the great American middle class after World War II? That’s all gone, at least by one measure.

Comments
  1. Sobering. It’s going to take a while to get it all back too.

    Liked by 1 person

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