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Reply to "The middle class got richer but feels poorer"
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[quote=Anonymous]Article in Fortune: https://fortune.com/2026/04/12/did-middle-class-shrink-or-get-richer-feel-poorer/ [quote] The share of families in the “upper-middle class” — defined as those earning between roughly $133,000 and $400,000 annually for a family of three — tripled from 10% in 1979 to 31% in 2024. For the first time in American history, they argued, more families sit above the core middle class threshold than below it.[/quote] Article also mentions the social media affect and that people no longer are just keeping up with their neighbors. But the reason people feel poorer is competition. [quote] as the upper-middle class has exploded in size, it has flooded the markets for housing, elite education, premium travel, and luxury amenities — inflating prices at every level and making the lifestyle associated with prosperity feel perpetually out of reach.[/quote] [/quote]
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