by Megan McArdle

Jack Lew made a lot of money working for Citibank. So why, asks David Sirota, did he say last week that “My own compensation was never in the stratosphere”?

Jack Lew is not the only person who says this sort of thing. The media is routinely filled with people making six- and seven-figure incomes who modestly report that they are very middle class, struggling, really, to make it from paycheck to paycheck.

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