Are you part of the shrinking middle-class? Think again…
Normally we’d say we love it when third parties come out with data that supports one of our investing themes. In the case of the Fall of our Rise & Fall of the Middle Class not so much as it means slower spending, a key engine of economic growth in the US economy. We can’t put a sunny disposition on the data that says the middle class has been shrinking inside the US. It’s a common trap to superimpose one’s view on the data, which is why we let the data talk to us so we here at Tematica can make informed decisions.
More and more people are falling out of America’s middle class.In fact, the Pew Research Center reported in 2015 that middle-income Americans no longer make up the majority of the people in the nation: “The American middle class is now matched in number by those in the economic tiers above and below it. In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined.”
Source: Here’s how much you have to earn to be considered middle class in the US
