GoFuckYourself.com - Adult Webmaster Forum - View Single Post - The Coming Collapse of the US Middle Class (VIDEO)

Bill8 · 08-09-2010, 06:22 PM

The Big Picture guy posted about a new article from the FT - more on the decline of the middle class.

http://www.ritholtz.com/blog/2010/08...-middle-class/

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Dubbed ?median wage stagnation? by economists, the annual incomes of the bottom 90 per cent of US families have been essentially flat since 1973 ? having risen by only 10 per cent in real terms over the past 37 years. That means most Americans have been treading water for more than a generation.

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In the last expansion, which started in January 2002 and ended in December 2007, the median US household income dropped by $2,000 ? the first ever instance where most Americans were worse off at the end of a cycle than at the start. Worse is that the long era of stagnating incomes has been accompanied by something profoundly un-American: declining income mobility.?
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FT has been publishing some good stuff, trying to become the go-to source for economics news as the WSJ loses credibility.

08-09-2010, 06:22 PM
Bill8 Confirmed User Join Date: Oct 2001 Posts: 1,901	The Big Picture guy posted about a new article from the FT - more on the decline of the middle class. http://www.ritholtz.com/blog/2010/08...-middle-class/ =================================== Dubbed ?median wage stagnation? by economists, the annual incomes of the bottom 90 per cent of US families have been essentially flat since 1973 ? having risen by only 10 per cent in real terms over the past 37 years. That means most Americans have been treading water for more than a generation. ... In the last expansion, which started in January 2002 and ended in December 2007, the median US household income dropped by $2,000 ? the first ever instance where most Americans were worse off at the end of a cycle than at the start. Worse is that the long era of stagnating incomes has been accompanied by something profoundly un-American: declining income mobility.? ==================================== FT has been publishing some good stuff, trying to become the go-to source for economics news as the WSJ loses credibility.