• rusticus@lemm.ee
    ·
    1 year ago

    https://www.pewresearch.org/short-reads/2022/04/20/how-the-american-middle-class-has-changed-in-the-past-five-decades/ You'll need to provide some sources for that. This data suggests that poverty levels haven't varied much in the last 50 years. Middle class has shrunk but this did not appear to impact poverty rates.

      • rusticus@lemm.ee
        ·
        1 year ago

        Unemployment rates are not poverty rates. And those have been pretty stable since 1950. Less than 4% in 2018 and 2019 for example.

        https://www.thebalancemoney.com/unemployment-rate-by-year-3305506

          • rusticus@lemm.ee
            ·
            1 year ago

            Negative. https://en.wikipedia.org/wiki/Poverty_in_the_United_States

            Corrected for the redesigned equation (see caption of Figure 4). It's been more or less stable for 50 years.