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Median household income in America is roughly $70,000 per year. That is a roughly 20% real (not nominal!) increase over the past 40 years.

$10/month would represent 0.17% of that income.

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Median household income on its own is an irrelevant fact. It is only relevant in context of median household expenses. By the fact that household debt has never been higher, I think my point stands - even people earning $70k/year are living hand to mouth because their expenses have risen to $69,500/year, if not higher.

1) Note that I indicated that the 20% increase was a real increase and not a nominal one. That means that to the extent that household expenses have increased, it's because households are using their newfound wealth to purchase more/better stuff! That's not a hollowing out of the middle class, that's a prospering one.

2) Household debt has declined significantly over the past 15 years:

https://fred.stlouisfed.org/series/HDTGPDUSQ163N

https://fred.stlouisfed.org/series/TDSP

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