Stagnation or Growth?
Richard Burkhauser and Russ Roberts discuss the stagnation of median market income over the past 30 years, but highlight the importance of considering household size. When analyzing household income, there has actually been a 15.2% gain due to the increase in the number of tax units per household. This challenges the notion of complete stagnation and prompts a reevaluation of the middle class's ability to consume over time.In this clip
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Richard Burkhauser on the Middle Class
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