Rising upper middle class

While my blog posts about the "two way" shrinking middle class has fallen on deaf ears, my view has been confirmed by the CNN fact checking of Sanders speech last night and the article in CNN linked below.

Here is an excerpt from the fact checkers regarding the shrinking middle class:

"Income gains have caused rippling changes in every economic class.  A new Urban Institute Report showed a nation climbing the economic ladder-- and a lower class that is shrinking. From 1979-2014 , the middle class has decreased from 38.8% to  32% of the population. The lower middle and lower classes saw similar declines... Instead , previous middle class Americans are moving up the economic chain-- resulting in a thriving upper middle class."

It went on to conclude " that  the standard of living has gone up for nearly all Americans."

http://money.cnn.com/2016/06/21/news/economy/upper-middle-class/

Although many problems persist, this view is consistent with Michelle Obama's speech last night.

Why have we had the misleading narrative for so long?