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Wave Goodbye to the Middle Class

Wave Goodbye to the Middle Class

In recent years, the Brooking Institution published a series of papers as part of its Future of the Middle Class Initiative. In a 2020 paper, Brookings defined the Middle Class as the middle 60 percent of the household income distribution–“not poor, but not prosperous either.” How much income must a family have to be considered middle …

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I’m Waving Goodbye to the Middle Class

When I was a kid, my family would mark the holiday season by driving to Oklahoma City to do our Christmas shopping. We always made three stops. We would drop by the Sears store, which was a treat for me because it had escalators, and popcorn was always popping on the first floor. Popcorn and …

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Bankruptcy Becoming More Common Among Upper Middle Class Out of Necessity

For the past few years I’ve been suggesting bankruptcy more and more as a solution to people in trouble. I’ve written about my position, “I Suggest Bankruptcy Too Often, So Say Some“, and I receive my fair share of criticism about the amount of times I suggest bankruptcy. An article out today, full of data, …

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