Thursday, June 23, 2016

What Does It take 
To Be Upper Middle Class?
Charles High Smith* essay emphasizes that much of the upper middle class is prospering due to privileged positions that are increasingly at risk of disruption .. "While the evidence broadly supports this secular shift--the concentration of income and wealth in the top 20% increases while the wealth and income of the bottom 80% stagnates--I think the claim that 30% of all U.S. households are upper middle class grossly overstates the reality, which is it's become increasingly costly to even qualify as middle class, never mind upper middle class."
LINK HERE to the commentary

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