The U.S. stock market is on such a parabolic march higher that Wall Street investors may have forgotten what a typical daily downturn feels like anymore.
The decline of the middle class has been going on for decades. This recent administration and Congress have done nothing to stop the slide. And it won’t stop shrinking until our economy is no longer outsourced and until the minimum wage is raised to a living wage:
The share of middle-income households declined in 90% of the country’s 229 metro areas between 2000 and 2014, according to a new report by the Pew Research Center, released Wednesday.The middle class contraction is also happening on a national scale. Overall, some 51% of Americans lived in middle class households in 2014, down from 55% in 2000.
High inflation and falling real wages mean Russians are spending over 50 percent of their incomes on food for the first time in almost a decade.