Once, the middle class was synonymous with financial security. The average American household earned enough for basics plus a home, a car and vacations as well as savings for retirement and kids' ...
You've been hearing about the K-shaped economy and the shrinking middle class, but what does it actually mean to be in the middle class at all in the US today? For many, the label can describe a ...
In a recent report with Stephen Rose, I argued that the narrative of a “shrinking middle class” was based on a kernel of truth, but one that undermines economic pessimism. We showed that while 36 ...
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