Pew Research Study – The American Middle Class Declined in 90% of Metro Areas From 2000-2014
Michael Krieger
LibertyBlitzkrieg.com
Friday May 13, 2016
When you bail out financial criminals and predators, you get a criminal and predatory economy. If there’s one clear lesson from the 2008 crisis and its aftermath, that should be it.
– From last year’s post: Another Tale from the Oligarch Recovery – How a $1,500 Sofa Costs $4,150 When You’re Poor
The Pew Research Center recently released a fascinating study which showed what many of us already suspected, that the U.S. middle class has declined in 90% of metropolitan areas from 2000-2014, or in 203 of 229 areas studied.
The details are just as interesting as the headline, some of which will provide ammunition for those looking to spin the historic 21st century status quo plunder into something an resembling economic recovery. Specifically, Pew notes that:
Nationwide share of adults in lower-income households increased from 28% to 29% and the share in upper-income households rose from 17% to 20% during the period.
Some people will read this and say, “so what’s the big deal, we’re making some people richer, and others poorer, as the middle class shrinks?” I think it is a big deal, for two primary reasons.
The Rest…HERE
