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The biggest issue facing the American economy, and our political system, is the gradual descent of the middle class into proletarian status. This process, which has been going on intermittently since the 1970s, has worsened considerably over the past five years, and threatens to turn this century into one marked by downward mobility.
Roughly one in three people born into middle class-households, those between the 30th and 70th percentiles of income, now fall out of that status as adults.
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Roughly one in three people born into middle class-households, those between the 30th and 70th percentiles of income, now fall out of that status as adults.
readmore
