Canada Beats America as Having Richest Middle Class in World
Canada Beats America as Having Richest Middle Class in World

New York Times:  “The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades.”

The world’s most richest middle class honor goes to Canada.  The Atlantic details how we lost that lead:  “How did we lose the lead? The authors blame three broad factors: (1) Canada’s education attainment is outpacing the U.S. and most of the world; (2) American middle-class market wages aren’t keeping up with overall economic growth; and (3) Other governments are doing more to redistribute income to poorer families in other countries, particularly in western and northern Europe.”

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