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Tag: Middle Class

The Devastation Of America’s Working Class

After years of exposing, month after month, the truth about the US labor market - its conversion into a part-time (in 2010!), low-paying job market where Millennials refuse to work (as the job market reality is gruesome so instead they opt to load up on record amount of student loans) and where older Americans, instead of enjoying retirement are forced right back into the labor force leading to[...]

Study: Wealth Disparity Greater Than Anytime Since 1929

Wednesday, 22 Oct 2014 07:00 AM By Michael Kling Wealth inequality is greater than anytime since 1929, new research from Emmanuel Saez of the University of California, Berkeley, and Gabriel Zucman of the London School of Economics reveals. "The share of wealth held by the top 0.1 percent of families is now almost as high as in the late 1920s, when 'The Great Gatsby' defined an era that rested on [...]

Forget Media Cheerleading and Face Facts – Incomes are Much Lower than You Think

By Alicia H. Munnell The recently released Census Bureau publication Income and Poverty in the United States: 2013confirmed the dismal picture presented in the Federal Reserve’s Survey of Consumer Finances that median household income has not recovered from the financial crisis and the Great Recession. The publication also contains fascinating information on the level and distribution of[...]

This Is About As Good As Things Are Going To Get For The Middle Class – And It’s Not That Good

By Michael Snyder, on September 22nd, 2014 The U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened. Median household income has declined substantially since then, total household wealth for middle class families is way down, the percentage of the population that is employed is still about where it was at the end of the last[...]