Many economic analysts and politicians have lamented the decline of the middle class, and petition for its growth. So why does the middle class matter?
America’s wealth gap between middle-income and upper-income families is widest on record http://www.pewresearch.org/fact-tank/2014/12/17/wealth-gap-upper-middle-income/
“The wealth gap between America’s high income group and everyone else has reached record high levels since the economic recovery from the Great Recession of 2007-09, with a clear trajectory of increasing wealth for the upper-income families and no wealth growth for the middle- and lower-income families.”
The Shrinking Middle Class
“The middle class, if defined as households making between $35,000 and $100,000 a year, shrank in the final decades of the 20th century.”
Decline and fall: how American society unravelled
Thirty years ago, the old deal that held US society together started to unwind, with social cohesion sacrificed to greed.
The Mega Rich Make The Rich Look Poor
How Are US Companies Avoiding Billions in Taxes?
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