With the Great Decompression, incomes rise for everyone but much faster for the affluent.
Access to capital is another enormous barrier in terms of economic growth, and without collateral or strong credit, you cannot secure loans to start businesses or invest in property. When these key ...
Since the 1960s, the share of U.S. households earning more than $100,000 in real terms has tripled.
Ever wonder how some people seem to build wealth and turn their entire financial situation around in just a few years? We’re not talking about winning the lottery or landing a tech initial public ...
When asked how they identify their social class 54% of Americans said they belong to the middle class, according to one survey.
More Americans are more prosperous, and fewer overall are poor, but the economy has not adjusted to this new distribution, Bloomberg Opinion columnist Allison Schrager writes.
"The middle class is shrinking" might be the assertion of the decade. Progressives and populists alike use it to justify nearly all government interventions, from tariffs to minimum-wage hikes to ...
For many upper-middle-class Americans, retirement can bring unexpected financial challenges that slowly erode wealth. Even those who have saved diligently can make costly mistakes that turn a ...
The net worth you need to be considered poor, middle-class and wealthy in America - An average net worth of $20,856 would be categorised as poor, whereas one of $3.8 million signifies wealth, a financ ...
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The abused middle class

MANILA, Philippines — Based on most recent data and projections, a majority of our people are poor. The upper class (rich and upper-income) constitutes about 1.4 percent of the population. This small ...