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Strategies & Market Trends : Universal basic income (UBI)

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From: Glenn Petersen12/31/2022 6:10:12 AM
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From the Pew Research Center:

The share of aggregate U.S. household income held by the middle class has fallen steadily since 1970, according to an analysis published in April.



In 1970, adults in middle-income households accounted for 62% of aggregate income, a share that fell to 42% by 2020. Meanwhile, the share of aggregate income held by upper-income households has increased steadily, from 29% in 1970 to 50% in 2020. Part of this increase reflects the rising share of adults who are in the upper-income tier; another part reflects more rapid growth in earnings for these adults.

The share of U.S. aggregate income held by lower-income households edged down from 10% to 8% over these five decades, even though the proportion of adults living in lower-income households increased over this period.
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