Related from the Census Bureau:
https://pbs.twimg.com/media/EiCLL-_UYAIBJ_T?format=jpg&name=...
The middle class is disappearing ... into the upper class.
https://pbs.twimg.com/media/EiCLL-_UYAIBJ_T?format=jpg&name=...
The middle class is disappearing ... into the upper class.
$100k equivalent income in the 1960s was enough to buy a family home almost anywhere, and now it’s not enough to buy a family home in most major metros.
It's also worth pointing out that the average square footage of a home has grown considerably in this time, and that even if you are comparing a similar sized home, it is unfair to compare a home 3 miles from city center in a city of 1 million people to the same in a city of 2 million people, after it has grown through the years.