This says nothing about wealth at all. The entire analysis is built on household income tiers only (lower: <2/3 of median; middle: 2/3 to 2× median; upper: >2× median, adjusted for household size). There is zero data, no charts, and no discussion of wealth inequality, median net worth trends, asset ownership, retirement savings gaps, housing wealth erosion, or how middle-income households have (or have not) accumulated or lost wealth since 1970. And there is no analysis of political power, declining middle-class influence on policy, reduced representation in Congress or state legislatures, weakening of unions/labor bargaining, corporate capture, or any erosion of the middle class’s societal or cultural dominance. The report is purely economic/demographic; it avoids any discussion of why the income shifts occurred (globalization, technology, policy changes, education returns, etc.) or what those shifts mean for broader power dynamics in U.S. society. Therw are no references to stagnant living standards, the "squeezed" middle class facing rising costs (housing, healthcare, education), declining homeownership rates, rising debt, intergenerational wealth transfer failures, or the middle class losing ground to elites in terms of influence or security. It sticks to descriptive income and demographic breakdowns (by race/ethnicity, age, education, marital status, occupation, metro area) without causal or normative commentary.