US Middle Class Decline – Charts

[SD Transplant]

This is the perfect illustration of the wealth transfer from the low & middle class to the top wealthy (5%) in the last few decades. The charts speak better than any comments.

http://www.faireconomy.org/research/income_charts.html

[Anonymous]

SDT, you have to understand that folks/families move into and out of the top 1-5% in the charts that you cite.

This an oldie but goodie:
http://www.dallasfed.org/fed/annual/1999p/ar95.pdf

Look at Exhibit 7 on page 14.
— In nine years, 86% of folks moved up and out from the bottom 0-20% of income.
— In nine years, 60% of folks moved up and out from the bottom 21-40% of income.
— In nine years, 47% of folks moved up and out from the middle 41-60% of income.

And, fat cats fall: in nine years, 53% of the top 1% moved down in income.

There’s an old saying, “From shirtsleeves to shirtsleeves in three generations,” meaning that riches come and go.

America is the land of opportunity. You can move up.

[Anonymous]

SDT, you have to understand that folks/families move into and out of the top 1-5% in the charts that you cite.

This an oldie but goodie:
http://www.dallasfed.org/fed/annual/1999p/ar95.pdf

Look at Exhibit 7 on page 14.
— In nine years, 86% of folks moved up and out from the bottom 0-20% of income.
— In nine years, 60% of folks moved up and out from the bottom 21-40% of income.
— In nine years, 47% of folks moved up and out from the middle 41-60% of income.

And, fat cats fall: in nine years, 53% of the top 1% moved down in income.

There’s an old saying, “From shirtsleeves to shirtsleeves in three generations,” meaning that riches come and go.

America is the land of opportunity. You can move up.

[luchabee]

Isn’t this self-evident with millions and millions of illegal aliens now in the country?

[luchabee]

Isn’t this self-evident with millions and millions of illegal aliens now in the country?

[Author]

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