The middle class is loosely defined as “the people in the middle of a social hierarchy”.  To put it simply, they aren’t broke and they aren’t rich.  The middle class has long been the pillar of American economics.  These are the people that manufacture, maintain, and improve America.

According to some the middle class is being eroded.  Let’s take a look at the facts.  According to the Sky Valley Chronicle the following is true:

• The average American is making $280 more per year in comparison to 30 years ago.  That’s less than a 1 percent gain.
• In that same time the top 1 percent’s share has doubled over the same time.
• From the 1940s until 1980, the top tax income tax rate on the highest earners in America was at least 70 percent. In the 1950s, it was 91 percent. Now it’s 35 percent.
• Most middle class people pay between 40 and 50 percent taxes.

With inflation rising 3-5% and average salary rising 1% in 30 years all signs point to the middle class being in trouble.  What do you think?

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