Why the middle class has less money and bigger bills
So how come overall the U.S. economy is doing well, but the middle class is shrinking?
"If
wealth isn't being shared among people outside of the top bracket, then
it doesn't feel like we're wealthy unless you're in the top," Pate
said. "Wealth is being generated, it's just not being distributed."
Marketplace calculated
that the typical middle class life has gotten 30 percent more expensive
in the past twenty years, and Pate says overall wages have been flat
since the 1970s. She shared more of her thoughts on how our economy has
changed fundamentally in the past several decades and what it means to
have a disappearing middle class.
(Marketplace.org)
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