The middle class expanded, but disparities in wealth remained from "summary" of The affluent society by J.K. Galbraith
In the midst of all the prosperity that has come to characterize our society, there is a curious paradox that cannot be overlooked. The middle class, traditionally seen as the backbone of our economy, has undoubtedly grown in size and influence. More and more individuals find themselves comfortably situated within this segment of society, enjoying a standard of living that was once only a distant dream for many. However, despite this expansion of the middle class, one cannot ignore the stark disparities that continue to exist in terms of wealth distribution. While some individuals are able to accumulate vast amounts of wealth and live lives of opulence and luxury, there are many others who struggle to make ends meet on a daily basis. The gap between the haves and the have-nots remains wide, casting a shadow over the notion of shared prosperity. The prevalence of such disparit...
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