"The United States has the world's poorest middle class...The Washington Post is out with some important charts incorporating data from the Credit Suisse Research Institute, which releases an annual report on global wealth.
First, the United States has a lot of very rich people. At the same time, it has a large middle class that likes to think its the most prosperous in the world.
But, well, this isn't true...not only is the U.S. middle class -- in relative terms -- quite poor, but also that it benefits from almost zero public goods present in other advanced countries, like free-at-use health care, subsidized (or free) college tuition, reliable public transit, or subsidized child care."
Here's a chart illustrating this:
I just want to point out that Thomas Piketty, in his now legendary economics book, has calculated that, by the year 2030, the United States will have the most unequal distribution of wealth of any country in the known history of the world. This is what the many people of the United States who bought into the Republican politics of anger and greed and the absurd lie of American exceptionalism have brought us. This is a sickening story of national decline that didn't have to happen, but there is probably no way to stop it now.