Discussion Forums >> Culture, Arts & Literature

Forum Discussion: Culture, Arts & Literature

Search Term:  

Display By:

Add Your Discussion Topic >>

Now viewing 1 - 1 of 1
1  
CreatorTopicViewsRepliesLast Reply
How the middle class became the underclass

created on 02/16/2011 03:49 pm

Incomes for 90% of Americans have been stuck in neutral, and it's not just because of the Great Recession. Middle-class incomes have been stagnant for at least a generation, while the wealthiest tier has surged ahead at lighting speed.

In 1988, the income of an average American taxpayer was $33,400, adjusted for inflation. Fast forward 20 years, and not much had changed: The average income was still just $33,000 in 2008, according to IRS data.

http://money.cnn.com/2 ...read more
443 0 None
Now viewing 1 - 1 of 1
1