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Thursday, April 3, 2014

The Disappearing Middle Class. It's Not Just Income Inequality But Wealth Inequality

"A Full Belly Does Not Believe In Hunger."
Italian Proverb

Spilt Starbucks on the other hand is cause for lamentation.

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More Americans see middle-class status slipping. "A sense of belonging to the middle class occupies a cherished place in America. It conjures images of self-sufficient people with stable jobs and pleasant homes working toward prosperity. Yet nearly five years after the Great Recession ended, more people are coming to the painful realization that they're no longer part of it. They are former professionals now stocking shelves at grocery stores, retirees struggling with rising costs and people working part-time jobs but desperate for full-time pay. Such setbacks have emerged in economic statistics for several years. Now they're affecting how Americans think of themselves." Christopher S. Rugaber in the Associated Press.

It's not just income inequality. It's also wealth inequality. Annie Lowrey in The New York Times.

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