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.
The demise of the American middle class
- Post author:Erich Vieth
- Post published:July 15, 2010
- Post category:Economy
- Post comments:0 Comments
Erich Vieth
Erich Vieth is an attorney focusing on civil rights (including First Amendment), consumer law litigation and appellate practice. At this website often writes about censorship, corporate news media corruption and cognitive science. He is also a working musician, artist and a writer, having founded Dangerous Intersection in 2006. Erich lives in St. Louis, Missouri with his two daughters.