Scott Shackford wrote on the Reason blog recently that “The Middle Class Is Shrinking! Because They’re Getting Rich!” and referred to the bottom chart above that was featured in the Pew Research Center’s recent report titled “The American Middle Class is Losing Ground.” However, as the title of Scott Shackford’s blog post suggests, the share of middle class households is getting smaller for a good reason — it’s because they’ve moved up to higher income groups. Specifically, according to Shackford:

Read the article “Yes, America’s Middle Class Has Been Disappearing … Into Higher Income Groups” on aei.org.