Income Improvement

In 1967, 8.1% of households earned more than $100,000 inflation adjusted, 53.2% (the middle class) earned between $35,000 and $100,000, and 38.7% earned less than $35,000. Today, 27.7% of the population earns greater than $100,000 (three times the percentage back in 1967), 42.1% earn between $35,000 and $100,000, and 30.2% earn less than $35,000. The middle class is shrinking, but it’s because more American households are earning more than ever.