The American middle class is shrinking. Why?
Tag: Middle Class
Is The Golden Ticket Tarnished?
In the current economic backdrop, where the median view of economists predict a near 5% year over year decline in GDP (total amount of goods and services produced in the American economy) for 2020 (officially a recession), where both initial and continuing unemployment claims stubbornly loom above their longer run average, and though the economy…
Middle Class Wealth Erosion Set to Continue
The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be…
The State of College Affairs, Part 1
In the chart above, the confidence amongst college graduates has steadily increased during the longest economic expansion in U.S. history. Yet, as said sentiment drops with each recession and economists now predict recession within the next twelve months, I’d posit that sentiment amongst college graduates is rolling over and will revisit the 2009 lows. I…
Where is the “Middle” in Middle Class?
Middle class families can sometimes feel like this: Cartoon credit: Americans for Limited Government, 2015 Especially when considering the annually increasing tuition, and other costs for a college education:
Tough Love
As regular readers recall, the news about stagnant American household median income is not a new story, more of an evolving story about how more American middle class families are adjusting to life with less income. Lifestyle adjustments are just one possible shift in American households. More often, I’m hearing parents ask questions about how…