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Politics : PRESIDENT GEORGE W. BUSH
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To: AK2004 who wrote (526259)1/19/2004 2:06:50 PM
From: DuckTapeSunroof  Read Replies (1) of 769667
 
Re: define "real income for the middle class"

>>> I'll go with the DoL's breakdown for the income range... my main point was that in inflation-adjusted terms ("real") income gains for the "middle class" has averaged nil between 1970 and now.

"some would say that the middle class defined by income and not other way around"

>>> Good point, but irrelevant to what I'm saying. Of course there has (and will continue to be) many people who have moved in and out of the "middle class" over this period. But as the approximate SIZE (as a percent of the total population) of the middle class has remained fairly constant... the interesting point, I believe, is that --- unlike the 1950's and the 1960's --- in the aggregate their real income has stagnated.
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