The Middle Class Is Shrinking Because They Are Becoming Rich | Coyote Blog
Perhaps only doom and gloom sell newspapers, but the media have been wrong about this for a very long time. Same goes for the progressive economists who are always complaining about how the little guy is being held down.
More after the break.
Except he isn't, he is being held up and into the upper middle class, and wishing a few decades, the wealthy. Perhaps we will always have the poor with us, but if we make a careful, and calculated shift to a more asset driven society with wealth increasingly held in personally owned vehicles like HSA's, IRA, and new vehicles to allow us to build assets and wealth to create our own safety net, we could create sufficient wealth to move far more people from the lower middle class and the poor into the middle class, upper middle class, and the wealthy.
Or we can stick with progressivism which plateaued about 1972.
What I do not understand is how people who had to have lived in the past can remember so little of it!? Today is not like the 1970s, really, really not like the 1970s. Thank God!