Rachel, the data here has been selected so that the fact of higher living standards since 1967 (no shit!) is shown while obscuring how unequally that improvement has been distributed, so it's not good evidence for your point. A rising tide _has_ lifted all boats, but that doesn't make it fair.
Middle income ought to be closer to a range like $50-150K or even $75-200K. 2-working parent household total income below $75K is skinny, $150K is at least comfortable in most of the country. In a lot of CA, $150K total household income is def skinny
I am a senior looking for a new place to rent for the last two months having lost my rental to new property owners. I can tell you the landlords class is doing quite nicely, fleecing people clean up the $#@%. In the amount of time I've been looking, I've watched the prices go up. The face of evil.
we’ve run the deregulate the markets, let the magic happen experiment twice now with the same result. massive income/wealth inequality, unstable democracy/economy, monopolization of every sector leading to scarcity and rising prices, concentration of power in the few wealthiest ppl.
I think this graphic may be flawed. Somebody making $100,000 a year is definitely not considered rich in my mind. I'd like to see what the 2022 really means. Where's the data behind this figure?
Those amounts are all wrong, but Reagan is responsible for this shit we are going through today-the lying, cheating and stealing the money and gross wealth transfer from the poor to the rich. He would be the worse president in history but for Trump.
What matters is disposable income. What can be bought for $100k and how much is leftover? Show the growing change in proportion over time in payments for mortgage/rent, healthcare, childcare, student loan, car note, groceries, utilities, phone & tech, etc. It’s called an affordability crisis.
Then compare the quality of life in 1970 to today, for those earning $30k-$50k (in 2022 dollars) and you’ll see the effects of the affordability crisis. Cost of housing, healthcare, childcare, car, education, food, utilities, phone & tech, etc., has skyrocketed as a percentage of income.
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