Since 1970, the share of aggregate income going to the middle class has fallen from 62% to 42%. Meanwhile, high-income share has increased from 29% to 50%. No wonder so many supposedly middle-class families feel like they’re always on the brink.

Since 1970, the share of aggregate income going to the middle class has fallen from 62% to 42%. (Middle class defined as income from 2/3 to double the median). Meanwhile, high-income share has increased from 29% to 50%. No wonder so many supposedly middle-class families feel like…

— Robert F. Kennedy Jr (@RobertKennedyJr) May 12, 2023