Charts of the day: Another look at how America's middle class is disappearing into higher income households

Charts of the day: Another look at how America's middle class is disappearing into higher income households - AEI | Carpe Diem Blog » AEIdeas:

"Here’s another look in the two charts above showing how America’s lower-income and middle-income households have declined as a share of all US households between 1967 and 2014, while the share of high-income households keeps increasing.

1. The top chart shows the three income groups:
a) low-income households with income of $35,000 and below (in 2014 dollars), whose share of US households declined from by five percentage points from 38.7% in 1967 to 33.7% (in 2014 dollars), b) middle-income households with income between $35,000 and $100,000 (in 2014 dollars), whose share of all households declined by 11.6 percentage points from 53.2% to 41.6% between 1967 and 2014, and
c) high-income households with income of $100,000 and above (in 2014 dollars) whose share increased by a factor of more than three times (and by 16.6 percentage points), from 8.1% in 1967 to 24.7% in 2014."
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