The demise of the American middle class

July 15, 2010 | By | Reply More

These 22 statistics from Business Insider are shocking. In the aggregate they forcefully demonstrate that America’s middle class is being wiped out. They also suggest a bleak economic future where, for instance, 61% of Americans always or usually live from paycheck to paycheck, and where 43% of American workers have saved less than $10,000 for their retirement.

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Category: Economy

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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