Relevant:
- Decline of the U.S. Middle Class, Both in Reality and Perception
- Study: US middle-class families are no longer in the majority
- Subprime crisis: US foreclosures bring homelessness to the middle class
- Report: Middle class lost significant financial ground over last decade
- Middle Class Exit 'Lost Decade' With Little Hope: Pew Report
2012-07-24 — nytimes.com
For the first time since the Great Depression, middle-class families have been losing ground for more than a decade. They, and the poor, have struggled particularly badly since the financial crisis led to a global recession in 2008. The idea that living standards inevitably improve from one generation to the next is under threat. Many of the bedrock assumptions of American culture -- about work, progress, fairness and optimism -- are being shaken.
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