While there is some substance to these fears of widening inequality and middle-class stagnation, the situation is not nearly as clear-cut. Demographic changes in the size and composition of U.S. households have distorted the statistics in important ways.
The "typical" household, however, keeps changing. Since 1970 there has been a dramatic rise in divorced, never-married and single-person households... The meaning? Even a "stagnant" average household income implies a higher standard of living for the average household member.
When you look at the really big picture, it's apparent that living standards are rising across the entire spectrum of incomes.
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