Ricard Reeves: "Does the U.S. Still Have a ‘Middle Class’?"
Richard Reeves's work is the focus of a new
Atlantic piece.
❝ This September, the Brookings Institution economists Richard Reeves and Katherine Guyot argued that the middle class is “the middle 60 percent of households on the income distribution,” which represents $37,000 to $147,000 for a three-person household. Full stop. Downplaying the importance of education, they wrote that income is the most useful measure of class because it captures all of the other conditions that make a person middling, including consumption, education, and relative social standing; it is not only how much money individuals take home. [TheAtlantic.com]
| RICHARD REEVES is a enior fellow at the Brookings Institution and author of Dream Hoarders.. Watch him discuss why education reduces social mobility below, and learn more about booking Richard for your next event today. |
