This chart reveals why the rising GDP hasn't helped the middle class

The Manhattan Institute issued a report that reveals that a year of middle class wages no longer pays for major household expenditures.

From The Washington Post:

Lead author Oren Cass distills it as follows: “In 1985, the typical male worker could cover a family of four’s major expenditures (housing, health care, transportation, education) on 30 weeks of salary,” he wrote on Twitter last week. “By 2018 it took 53 weeks. Which is a problem, there being 52 weeks in a year.”

Image: Washington Post

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