Depressing but true - How the middleclass in the US became the underclass

[karadinart]

http://money.cnn.com/2011/02/16/news/economy/middle_class/

It's nothing new, it began thirty years ago and picked up speed in the last ten.

And people wonder if we need labor unions. (roll eyes)

Comments

[ani-mama.livejournal.com]

Average US family income is $33,000? Yeah, I don't think that qualifies as "middle class" any more. Maybe 30 years ago.

I think of "middle class" as being able to have a comfortable lifestyle with enough money to pay the bills on time, own a home, and afford a few luxuries. There are not many places left in the country where you can do that for $33,000.

[hideincarnate.livejournal.com]

...this makes me so-so ANGRY.

[shouldboverthis.livejournal.com]

And my conservative relatives wonder why I'm upset. 30 years is about right. When I went through my adoption papers, I found out that my parents were making $20,000 from Dad's salary in the military. They were upper middle-class, owned two rental properties and had stock.

Hubby and I make decent money but in Boston we're scraping by.

It's ridiculous.