$TRB

The US middle class is disappearing:

US households with incomes greater than $150,000, adjusted for inflation, now make up a record 34% of all households, rising +29 percentage points since 1965.

At the same time, the middle class has shrunk -11 percentage points, to 45%, the lowest on record.

To put this differently, the middle class is shrinking as many households have joined the upper-middle class.

However, living costs for a basic family budget are now between $130,000 and $150,000.

This comes as costs of childcare, housing, healthcare, and taxes have risen far faster than wages, leaving even two full-time earners struggling to reach stability.

The wealth gap in broadening. #BTCRebound90kNext? #USJobsData #WriteToEarnUpgrade #BinanceAlphaAlert