The top quintile are not the “rich.”

This brief post by Matthew Yglesias is unobjectionable in its content.  But Slate is running it with the link, “90% of spending is coming from the rich.”  Two points:

  1. Slate’s habit of using link titles to their own articles that are different from the headline on the article itself is weird and frankly a bit wrong.
  2. The top quintile are not “the rich.”  I mean, they include the rich.  They start at households making a bit over $100,000 a year.  That’s doing pretty well!  But it’s not “rich.”
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