In June, SpaceX’s record-breaking IPO made Elon Musk the world’s first trillionaire. At the same time, a very different economic reality was unfolding for millions of American households. We are ...

Earlier this year, our report, “The Middle Class Is Shrinking Because of a Booming Upper-Middle Class,” argued that the narrative of a “hollowed-out middle class” rests on counterintuitive class ...