You confirm my OP.
Fewer families are moving up out of the middle class, with many middle class families slipping backward into the lower class; while even fewer families are moving out of the lower class, all the while, the lower class totals are exploding because of illegal/legal immigration and failed economic policies. As stated in the NYT article, this trend only began in 2000.
Keep denying that bigger government, more regulations, more taxes, massive illegal/legal immigration, and a no growth economy are not helping the middle class (no matter how you define it).
As this data shows, Obama's policies have failed the middle class.
You missed the whole point of the article. The people populating what is considered the "middle class" is entirely different from what it was 50 years ago. This from the article:
"In the late 1960s, more than half of the households in the United States were squarely in the middle, earning, in today’s dollars, $35,000 to $100,000 a year. Few people noticed or cared as the size of that group began to fall, because the shift was primarily caused by more Americans climbing the economic ladder into upper-income brackets."
"The traditional image of a married couple with children at home, a gap increasingly filled by the elderly.... the fastest-growing component of the new middle class has been households headed by people 65 and older."
So really the old notion of middle class being a married couple with children is no longer true, it's now people 65 and older.
Originally Posted by BigLouie