How the Economic Lives of the Middle Class Have Changed Since 2016, by the Numbers
“Wages haven’t risen much. Inflation has been low, helping keep the price of most staple goods down, though with gasoline prices a costly exception. The tax cut has left more money in most middle-class families’ pockets, but only a bit. In terms of assets, the typical middle-income family has either zero or minimal holdings in the stock market, meaning the surge since November 2016 hasn’t paid direct benefits. But a majority of households in this income bracket do carry some credit card debt, which has become more expensive amid rising interest rates.”