Tag: middle-class stagnation
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US incomes fall to 1989 levels. How did that happen?
Christian Science Monitor: US incomes fall to 1989 levels. How did that happen? A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty. … … Economists haven't reached a consensus…
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The Inequality Myth
Wall Street Journal: The Inequality Myth … While there is some substance to these fears of widening inequality and middle-class stagnation, the situation is not nearly as clear-cut. Demographic changes in the size and composition of U.S. households have distorted the statistics in important ways. First, we can easily dismiss the notion that the poor…