According to the latest PEW Poll, the middle class has gone from 61% of the population to less than 50% of the population in the past 4 decades and, even worse, now make 33.8% less income share than they used to. The bottom 30% make the same 9% of the national income they made back in the 70s - so the poor are still poor but the middle 61% used to split 62%, so 30% for 30% of the middle class. Now, 50% split 43% or 25.8% for 30%.
That means that we now have double the amount of people (70M) making the same 9% of all income in the lowest bracket (the fastest growing group!) and we have 50% more people in the middle class fighting over a pie that has shrunk 33%. Who has gained from all this? Do you really need to ask? The uppe...
Also read: The looming split between Trump and Ryan
10:41 How Sears changed America18