The Real Source of the Middle Class’ Money Woes
Filed under: Economy, Personal Finance
By Kimberly Palmer
There are many reasons middle-class Americans feel squeezed right now: The high unemployment rate (8.1 percent), rising cost of college tuition, or the fact that close to one-third of homeowners are underwater. But it’s a combination of three other factors that led the Pew Research Center to label the 2000s a “lost decade” for the middle class: declining household income, shrinking net worth, and a smaller middle class.
“Income peaked in 1999 and it has not yet returned to…
The Real Source of the Middle Class’ Money Woes originally appeared on DailyFinance.com on 2012-09-13T06:00:00Z.
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