How America Broke the Middle Class
From 61% of all households in 1971, the middle-class shrunk to 50% in 2015.
There is something poignant about the day Trump supporters marched on the US Capitol. Thousands of Americans gathered in Washington, D.C., on January 6th to protest against the transition of power. “We’re not backing down anymore. This is our country”, a man with fresh stitches on his head told The New York Times the day before the protest.
Americans were fed lies that the 2020 election was stolen. But how did the world’s number one economy with an educational infrastructure that remains the envy of the world allowed its citizenry to be brainwashed with lies?
2015 was a watershed moment in US history. After spending more than three decades as the economic engine of the United States, middle-class households barely matched the combined number of upper- and lower-income households in 2015.
From 61% of all households in 1971, middle-class households shrunk to 50% in 2015.
Even as millions of middle-income families slipped into lower-income, the families that retained the middle-class classification saw their buying power significantly erode in…
