Is The Canadian Middle Class Doing Better Than The American Middle Class?

The New York Times made a splash last week with an analysis that purportedly shows that the U.S. middle class is declining relative to the middle class in other countries. Especially, the data make it look like Canadian median income surpassed U.S. median income in 2010, when U.S. median income was $18,700.

The conclusion is somewhat aggressive, because it does not take a couple of important factors into account.

Read the entire column at The Independent Institute's Beacon blog.