Thursday, May 12, 2016

Misleading Scare Headline

The Pew Research Center seems to have an agenda, when reporting income data. That agenda reflected in their headline appears to be how bad things are, how the middle class is shrinking. It is shrinking, but as broadcaster Paul Harvey would declaim, "Stand by for the rest of the story." If you read Pew's work carefully, you discover the following gem, in their words:
Among American adults overall, including those from outside the 229 areas examined in depth, the share living in middle-income households fell from 55% in 2000 to 51% in 2014. Reflecting the accumulation of changes at the metropolitan level, the nationwide share of adults in lower-income households increased from 28% to 29% and the share in upper-income households rose from 17% to 20% during the period.
In other words, net-net we are, as a people, better off than we were 14 years ago. The number of upper income households increased by 3% while the number of lower income households increased by 1%. Do you suppose any of those rising from middle to upper income are unhappy? Unlikely, isn't it?

Losing members of the middle class is not a terrible thing if those moving on have improved their economic lot in life, have actually moved up. However, a headline proclaiming one household in a hundred is doing less well than formerly would be a big ho-hum, nobody would care much. So ... a misleading headline to draw in clicks, readers.