Economics @ ITT

America’s Middle Class Is Sliding Toward the Third World

Posted in economics by ittecon on July 1, 2013

A recent article by Les Leopold informed us that our nation is near the bottom of the developed world in median wealth, probably the best gauge for the economic strength of the middle class. The source of the information, the Global Wealth Databook, provides additional evidence of our decline from our once-lofty position as an egalitarian country with opportunities for nearly everyone.

via More Evidence That Americas Middle Class Is Sliding Toward the Third World | Alternet.

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