WASHINGTON (CBSDC/AP) – According to a study released earlier this week by the Pew Research Center, the middle class is receiving less of America’s total income, declining to its smallest share since the end of World War II.
The middle class is defined by a household whose income ranges from $39,000 to $118,000. The survey described this group as its “worst decade in modern history.”
WASHINGTON (CBSDC/AP) – According to a study released earlier this week by the Pew Research Center, the middle class is receiving less of America’s total income, declining to its smallest share since the end of World War II.
The middle class is defined by a household whose income ranges from $39,000 to $118,000. The survey described this group as its “worst decade in modern history.”
The war on the middle class has gone on for at least the last 30 years, and it not likely to dissipate any time soon. The rich get richer, and the poor get poorer. Same old story.
WASHINGTON (CBSDC/AP) – According to a study released earlier this week by the Pew Research Center, the middle class is receiving less of America’s total income, declining to its smallest share since the end of World War II.
The middle class is defined by a household whose income ranges from $39,000 to $118,000. The survey described this group as its “worst decade in modern history.”
So you acknowledge that this decline was going on before Obama came along?
HuggerMan4U: The war on the middle class has gone on for at least the last 30 years, and it not likely to dissipate any time soon. The rich get richer, and the poor get poorer. Same old story.
Yes it started with Reagans "supply side, trickle down" economics.
Dadude62: Yes it started with Reagans "supply side, trickle down" economics.
Hell no! It started in 1913 with the crook banksters in the late 1800's and really started in earnest with Unfederal Reserve and income taxes in 1913. Some work against the system of crooks when and where they can but the problem is that O is 100% their puppet and accelerating the crooks agenda many fold.
I think it's more complicated by far than who has been President. I myself blame it on a combination of post-ww2 abuses by both business leaders and unions, and was and is being made VASTLY worse, by the "Business Science" majors / "it's all about bean counting" people being put in charge of EVERYTHING.
As long as both political parties continue to pretend that playing games with accounting rules and regulations is more important than reality, things will just get worse.
Dadude62: So you acknowledge that this decline was going on before Obama came along?
There have been too many ups and downs over the years to pigeon-hole everything into one nice big theory. But recent statistics from the government show unquestionably is that virtually ALL groups and worse off since the day Obama was inaugurated. Not the day before, not the year before...since the day he came into office.
Five trillion in additional debt and we are all worse off than when he spent it.
IgorFrankensteen: I think it's more complicated by far than who has been President. I myself blame it on a combination of post-ww2 abuses by both business leaders and unions, and was and is being made VASTLY worse, by the "Business Science" majors / "it's all about bean counting" people being put in charge of EVERYTHING.
As long as both political parties continue to pretend that playing games with accounting rules and regulations is more important than reality, things will just get worse.
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WASHINGTON (CBSDC/AP) – According to a study released earlier this week by the Pew Research Center, the middle class is receiving less of America’s total income, declining to its smallest share since the end of World War II.
The middle class is defined by a household whose income ranges from $39,000 to $118,000. The survey described this group as its “worst decade in modern history.”