"Ordinary middle-class Americans built America," he declared during a June 2019 Democratic primary debate. Under President Donald Trump's policies, he said, "too many people who are in the middle class and who are poor have the bottom fall out."
In defining the "middle class" and the "poor," a good place to start is the median household income. In 2020, the year before Biden became president, the U.S. median was about $67,000, down from about $69,000 the previous year. The poor presumably make less than that, and people in the "middle" class, particularly those who feel the economic bottom falling out beneath them, presumably don't make much more.
As president, Biden's attention has often been elsewhere. Under Biden, Democrats consistently have focused their energies on policies designed to benefit households with stable employment and six-figure annual incomes-not the super-rich, but the affluent upper-middle class.
This story is from the August - September 2022 edition of Reason magazine.
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This story is from the August - September 2022 edition of Reason magazine.
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