The number of iPhones that the American middle class can afford is in steady decline

We've been hearing about the middle-class squeeze since the times of the Great Depression, but it's been the Great Recession of 2008 that truly put these claims front and center. News about the "working poor," or people with way above average incomes that barely pay the mortgage, the healthcare charges, and the kids' education, are constantly popping up, too.

There is one chart to put things in perspective, though, and it's the number of iPhones that Americans could afford with their median household income. We kid, but Apple, and the iPhone in particular, have become somewhat ...

Source PhoneArena https://ift.tt/2Q8RH3g
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