Things Aren't Getting Worse

Over at the Cato Institute's blog, Dan Griswold parses the latest Census Bureau numbers on income and poverty.

The numbers are good. But one, in particular, is very good:

The share of households earning a middle-class income of between $35,000 and $100,000 in real 2007 dollars has indeed shrunk slightly compared to a decade ago, but so too has the share earning less than $35,000 a year, while the share earning more than $100,000 continues to rise. The middle class is not shrinking; it is moving up.