People complain about the shrinking AMerican middle class, as if that were a bad thing, but look at this graph; Note that the figures are inflation adjusted, and they are for household income, not individual income.
We do have more two-earner households.
Making $150,000 a year is wealthy. You can live in a nice house, drive fancy cars, eat high-class food, and go on exotic vacations.
This wealthy sector went from 5% to 34%. So a third of American households are rich.
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