Source: Bet On It
by Bryan Caplan
“I’ve been an economics professor for almost 30 years, but I don’t think I’ve ever before seen anything like the table below. I knew that claims that ‘58% of Americans can’t afford a $1,000 car repair’ were laughable clickbait. I knew that — measured by income — the middle class is disappearing… by becoming upper-middle class. But only recently did I start to fully appreciate the chasm between populist pessimism and actual data on Americans’ net worth.” (09/02/26)