I have always like Martin Sosnoff’s articles in Forbes. He is usually a stock picker with lots of old fashioned lingo and stories, but this time he goes into facts and figures on the American poor and middle class over time, mostly from “A Century of Wealth in America” by Edwin R. Wolff.
Wealth inequality is getting lots of attention lately, but I think America is winding down its post-war boom (and Boomers). It remains to be seen what economic and political direction the country will take. I always found it funny that “America” is really just a part of North America, sandwiched between Mexico and Canada. In many ways we split the difference.