Here’s a quick look at what’s happened since the end of World War II and what’s ahead.
What happened since then The postwar economy has been in decline.
The financial crisis, which has seen the US economy shrink by a third in the past seven years, has hit hard, especially for those in the middle class.
And the rise in automation, with new products and new technologies taking their place, has made it harder for people to make ends meet.
Unemployment has also risen.
As a result, the average annual pay for a worker has gone up by 4.2% since the recession ended in 2009.
That’s the fastest increase since the late 1970s.
But the trend of the past 20 years is set to continue, as technology improves, more workers are being hired and more jobs are created.
Job creators A big part of the change in the economy since the 1950s has been an increase in the number of people looking for work.
That has pushed people out of poverty and into the middle classes, says David Neumark, a senior economist at the Peterson Institute for International Economics.
In some ways, the middle has gotten richer, too.
The middle class has doubled since 1950, from around 40% of the US population to around 65% today.
That meant there were more jobs available to more people.
Neumarck says the middle of the income spectrum now earns about $60,000 a year, about the same as the middle-income family of four.
He says the average American household has an income of about $50,000.
The biggest gains for the middle have been in low-wage industries.
In recent years, the share of workers making less than $25,000 has risen by nearly a quarter.
That includes part-time workers and those who are on disability.
That is the most of any group of workers.
The share of those making between $25 and $49,999 has increased by more than 25% since 2007, the year the recession began.
Neu says it’s likely that the number and composition of workers with jobs will continue to grow as technology develops, while more Americans are able to take on new responsibilities, including those in high-skilled occupations.
The shift away from the middle means that there are fewer workers in the US who are not part of either the middle or the upper class.
This has contributed to the sharp rise in inequality.
Incomes have fallen across the board.
The richest 20% of Americans now own a bigger share of the nation’s wealth than did in 1979, when the last decade of the 20th century was in full swing.
That shift has helped to make the US more unequal.
The top 1% now owns about 40% to 50% of all wealth.
And that’s a big part.
The chart below shows that the top 1%.
Since 1979, the richest 20%: Top 1% of America: 1979 – 2010 Top 1%: 2010 – 2025 Top 1%.
Income: top 1.5% of income: 2009 – 2013 Top 1.1% of incomes: 2013 – 2025 Source: Credit Suisse Global Wealth Observatory In the US, the top 0.1%, or 0.01%, of the population now own almost as much wealth as the bottom 80% of households.
That compares to just 1% in the early 1980s, when income inequality in the country peaked.
The rise in wealth has been fuelled by a rise in stock markets.
Wall Street stocks, which are driven by the fortunes of CEOs, have seen their value rise.
But Wall Street is not the only place where stock prices have soared.
The value of the Dow Jones industrial average, which measures the overall market value of all companies, has increased from around $6.4tn in 2007 to $27tn today.
And other stock indexes, such as the S&P 500, have also increased, by about 10% a year.
But inequality has been on the rise.
The gap between the richest and poorest Americans grew at a faster rate than the rest of the economy, says Neumart.
Inequality is also a problem for governments.
While the top one-tenth of one per cent of households now own as much as the top 20%, that share is shrinking faster than the country as a whole.
Neugebauer notes that the US is still far behind countries such as Switzerland and Canada when it comes to inequality, and he says it will be years before it is close to that level.
Neemark says that inequality has become a bigger issue because the US government has been focusing less on taxing the wealthy and more on taxing those who don’t earn enough to pay their taxes.
As Neumas says, there are still plenty of opportunities for growth, but that’s because of the changing economy.
“The economy will be stronger and richer and better paid as we move into a better period of recovery,” he says.
There are lots of things that need to be done