Incomes Flat in Recovery, but Not for the 1%
By ANNIE LOWREY Published: February 15, 2013
WASHINGTON — Incomes rose more than 11 percent for the top 1 percent of earners during the economic recovery, but not at all for everybody else, according to new data.
The numbers, produced by Emmanuel Saez, an economist at the [...]
Wednesday, 03 October 2012 By Amy B Dean, Truthout | Op-Ed
An Interview With Authors Donald Barlett and James Steele.
(Photo: Mike Hiatt / Flickr)The outsourcing of good jobs, the elimination of pensions, rampant home foreclosures; skyrocketing higher education costs and mounting debt: Given these stark realities, the American middle class seems to be sinking fast. The renowned reporting team of Donald Barlett and [...]
Kind of a silly video, but worth a watch as it does lay out some of the primary causes of middle class decline in the U.S.
Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?
Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can’t make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing [...]
For Americans, being middle class is part of our national ethos. People who, based on income level are poor, rich or middle class view themselves, and are usually identified by others, as being middle class. The phrase can be modified by “upper” or “lower” to mean rich or poor, but for Americans a modified middle class status is more comfortable than being defined as rich or poor.
by: Dave Johnson, Campaign for America’s Future |
For most people the “American Dream” is to be in the middle class, or to raise yourself up to be in the middle class. And people used to expect that things would get better over time for all of us. But today more people are going the other way. Many people are finding it harder just to get by [...]
SOME big American cities are flourishing as at no time in recent memory. Places like New York and San Francisco appear to be richer and more dazzling than ever: crime remains low, new arrivals pour in, neighborhoods have risen from the dead. New York is in the throes of the biggest building boom in 30 years, its population at an all-time high and climbing. Mayor