The news is lying to us again (hint: half the world is at least middle class)

One of the many reasons I stopped watching the news long ago was to avoid their lies.

And the biggest lie they tell us is that the world is terrible, brutal, awful and dangerous.

But when we turn off the news, their fiction does not meet reality.

For example:

This article claims 50% of the world are now living as middle class (or better):

By our calculations, as of this month, just over 50 percent of the world’s population, or some 3.8 billion people, live in households with enough discretionary expenditure to be considered “middle class” or “rich.” About the same number of people are living in households that are poor or vulnerable to poverty.

Question: What makes you middle class? According to this income calculator:

… A before-tax salary of $37,106 for a three-person household is considered middle class in Jackson, Tenn., the lowest threshold in the country.

But in the San Jose-Sunnyvale-Santa Clara metro area of California, it takes about $20,000 more; households of that size must earn at least $57,443 a year to attain middle-income status, the most money required of any area in the United States.

Whenever I am forced to watch the news (e.g. airports, hotel lobbies – even some restaurants), I keep hearing how the world is economically doomed. They scream that the middle class has been slaughtered. And all earth’s population will all live in a homeless shelter.

Yet most of the time, I only see prosperity. Life is amazing in so many ways. Technical advances have turned The Jetson’s science fiction into reality. And most people I talk to live a life better than their parents.

Bottom line: Once again, the news is lying to us. Their “fear porn” makes it seem like the middle class is all but gone. But the truth is, there will always be a middle class. Even better, there is a migration of the middle class to the upper class. Count me in for living the good life!