Why the U.S. middle class is feeling squeezed

A few theories and some data.

If Twitter does end up dying, one thing I’ll miss will be tweets like this: Jacob Shell@JacobAShell "1990s middle class lifestyle" means 3-bedroom house, 2 cars, annual family road trip holiday, every 5 years overseas holiday, the 2-3 kids go to solid 4-year colleges, something like home roof repairs is financially non-catastrophic. In 2022 I've described a 400K/yr+ household. 4:11 PM · Dec 19, 2022 8.48K Reposts · 89.3K Likes The tweet isn’t quite accurate (as we’ll see), but I like it for three reasons. First, it gives voice to the economic vibes and feelings of regular Americans.…

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