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The US middle class is disappearing, which makes dollar stores very happy

Helen Edwards
The US middle class is disappearing, which makes dollar stores very happy

As more and more US department stores close and malls are mothballed, Amazon is being blamed for the “retail apocalypse” (paywall). But there’s another dynamic crippling American retailers—a shrinking middle class exacerbated by a widening inequality gap. Between 1971 and 2015, the share of US income held by America’s middle earners has contracted from 61%…