Sure yeah, all those middle class families with second homes in New York City. Right.
Nobody affected by this is middle class. Nobody that will be affected by this in the next 20 years would be considered middle class by any rational measure.
Nobody affected by this is middle class. Nobody that will be affected by this in the next 20 years would be considered middle class by any rational measure.
Inflation is cumulative.
Also, that was 14 years ago.
Unless we are claiming the middle classes live on inherited wealth, I'm not sure the distinction is meaningful?
> Also, that was 14 years ago.
Indeed. In that time the $250k+ club has gone from 2% to 10% of American households, so Mitt Romney might have to consider ~$350k middle-income now
For a slightly more grounded perspective, Pew Research currently maintains that the middle income figure is between $60k-160k