Pew: bt 1971 and 2023, more than twice as many US households moved from middle to upper income than from middle to lower (8% vs 3%), while all US households (lower, middle, & upper) enjoyed at least a 55% increase in inflation-adjusted incomes: https://t.co/Ny0bnoQLbc pic.twitter.com/JcJTK1oaft
— Scott Lincicome (@scottlincicome) June 9, 2024