Trapped in the Middle


From the Wall Steet Journal By JUSTIN LAHART and KELLY EVANS April 19, 2008 click to read more.    
The incomes of most Americans have stalled. Tackling voter angst in Pennsylvania. LANCASTER, Pa. — Are you better off than you were eight years ago? For a growing number of middle-class Americans, the answer is “No.”     Here and elsewhere, middle-class earnings aren’t keeping up with the cost of living. Rising gasoline and food prices, health bills, child-care and education costs are leaving less to set aside for retirement. With the housing market in turmoil, even the asset many had come to count on — the value of their homes — is threatened.     It isn’t just a reflection of the current economic slowdown and rise in commodity prices: Middle-class incomes have been stagnant for several years. The well-heeled keep doing better, with the wealthiest 1% of U.S. families garnering the largest share of income since 1929.     Click for presentation.

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