My bad, wrong chart (it's in real terms though)

Here is net wealth increasing for all, let's celebrate: https://commons.wikimedia.org/wiki/File:1962-_Net_personal_w...

My point is that the pie is growing and all are benefitting. Yes, rich may be getting more but not at the expense of poorer people as their wealth is increasing too. It's rather unfortunate but it seems that the pies grows fastest (and poor benefit from that growth too) when wealth is allowed to accumulate and yes that means more inequality but if all get better off, that's the price we have to pay for faster growth of total pie

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srean an hour ago | parent [-]

> My point is that the pie is growing and all are benefitting.

This is the main point of contention though.

Earlier generation middle class seems to have been larger and more financially secure. That would be our parents generation. Of course not all of our parents would qualify.

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crossbody 35 minutes ago | parent [-]

"seems" as based on vibes? Beware of nostalgia bias!

It is true that middle class has been shrinking. What is often overlooked though ks that the majority of that middle class moved on to the upper class, so not bad at all and aligns with "growing pie"

	▲	srean 25 minutes ago \| parent [-]
		I accept the criticism in name but cannot invalidate a lived experience just because it has not been quantified accurately. > majority of that middle class moved on to the upper class Is this true in the US in inflation adjusted terms ? Can say that it is certainly reversed direction in my country.