The most recent census report on U.S. household income contained some fundamental good news that should be celebrated. Stated in constant 2018 dollars and including all forms of income, the shares of wealth heading toward high-income, middle-income, and low-income families have changed dramatically. Since 1967, the share of high-income households has grown rapidly while the middle-income share has become smaller. Meanwhile, the low-income share and the number of people counted in poverty has fallen, too.

Despite what you may be hearing, the Great American Bread Machine is still baking bread.