Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Old Confederacy
  • Main Street Conservative
  • BLM’s Marxist Agenda
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America

What Happened to the Middle Class? It’s Not What You Think

September 14, 2017 By E.J. Smith - Your Survival Guy

There has been a lot written about the demise of the American middle class, but Dan Mitchell points out to readers of his International Liberty blog that the story is not all that it seems. He writes:

Some folks on the left like to claim that the middle class is shrinking and that therefore we need bigger government and more redistribution to protect these Americans from falling into poverty.

Well, the first half of that statement is true. The middle class is becoming smaller. But here’s the good news. As I noted in 2015 when sharing some data from Pew, the middle class is shrinking because more and more households are earning six-figure incomes.

Now we have more confirmation. Courtesy of Mark Perry of the American Enterprise Institute, here’s a nice chart based on data from the Census Bureau’s new report on income and poverty in the United States.

Read more here.

 

Related Posts

  • Republicans Selling Out the Middle Class?
  • No Hope for the Middle Class
  • “America’s Middle Class Is Under Attack”
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Your Personal Safety: Concealed-Carry How to Carry Your Freedom - January 22, 2021
  • PANDEMIC Pushes Military-Grade Surveillance on Americans Like YOU - January 21, 2021
  • A President Speaks: “Hard Work Never Killed Anybody” - January 20, 2021

Dick Young’s Must Reads

  • Concentrate on Dividend Record and Compounding
  • TAC’s Robert W. Merry Unveils Presidential War Lies
  • V4 Stands Against North African and Middle Eastern Invasion
  • The Common Ground of Democracy is Sinking Beneath Americans’ Feet
  • We’ll Burn the Place Down!
  • Escape From the City: You’re Going to Like What You See
  • 751 “No-Go” Zones in France
  • Can Ginger Combat Heart Disease and Improve Circulation?
  • You Need to Seek Some Shelter for When Things Get Ugly
  • Tucker Explains: Breakdown of American Family and Society to Blame for Shootings

Disclosure

RSS Youngresearch.com

  • Your Retirement Life: Meet Your BMW Club Racing Program Director
  • Corporations Rush to Reap Equity Windfall
  • Do You Know Who’s the Largest Owner of Farmland in America?
  • Investors Are Being Conditioned Not To Recognise the Danger
  • I’ve Been in Richard Young’s Maximizers for Years
  • What Is the Stock Market’s Link to the Economy?
  • Smith Family Robinson in Live Free or Die, NH
  • Dick Young’s Safe America: Chapter 1, Part I
  • Whether Through Audacity or Ignorance, Stock Fundamentals Are Being Ignored
  • Happy Martin Luther King Jr. Day!

Absentee Ballots Not Verified

SARS-CoV-2: Probability of Outdoor Airborne Transmission Very Low

Your Personal Safety: Concealed-Carry How to Carry Your Freedom

Mostly Peaceful, Ungovernable Protestors

Biden’s Inaugural, the Most Confusing, Contradictory, Incoherent Ever?

Is the GOP Over? Not Even Close: Here’s Why

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives