Thursday, December 10, 2015

The Death of the American Middle Class

Interesting that the death of the American Middle Class should happen on Barack Obama's watch. His seven years of failed economic policies may have been the final nail in the coffin:
After more than four decades of serving as the nation’s economic
majority, the American middle class is now matched in number by those in
the economic tiers above and below it. In early 2015, 120.8 million
adults were in middle-income households, compared with 121.3 million in
lower- and upper-income households combined, a demographic shift that
could signal a tipping point, according to a new Pew Research Center
analysis of government data.
Pew Research Center: The American Middle Class Is Losing Ground

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