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Mike in the NIGHT! Disappearing Middle Class ! Its a war Against the Private Citizen! Mass Exodus

Income Inequality Is on the Rise
While the median income of middle-class households increased by 6% between 2010 and 2016—from $74,015 in 2010 to $78,442 in 2016—the median incomes of those in upper-income households fared much better during this time period: their median income increased from $172,152 to $187,872, an overall gain of 9%. (All incomes are expressed in 2016 dollars.)

Researchers suspect that this difference between the way that the middle class and higher-income households have fared since 2010 is a lingering result of the Great Recession and an earlier recession in 2001. In fact, only the incomes of those in upper-income households increased between 2000 and 2016, from $183,680 to $187,872.3

And the trend toward income inequality is not new by any means. The income gap between upper-income households and middle-income households (in addition to lower-income households) is the continuation of a decades-long trend. The Pew Research Center has been analyzing data about income inequality since 1970. For example, in 1970, the median income of upper-income households was 2.2 times the income of middle-income households (and 6.3 times the income of lower-income households). By 2016, these income ratios had increased significantly, to 2.4 and 7.3, respectively.3

These numbers reveal that while the incomes of those in upper-income households have more than recovered from the losses experienced during the Great Recession, this has not been the case for lower- and middle-income families. For lower-income and middle-income households, their 2016 income levels were comparable to 1989 levels.

#middleclass #mikeinthenight

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let me know what middle class means to you ?

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Please watch: “Mike in The Night ! – The Great Reset – #mikeinthenight #talkshow #Thegreatreset”
https://www.youtube.com/watch?v=D3SCIZ0zge4
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