The Middle Class Falls Back

Christian E. Weller ()

Challenge, 2006, vol. 49, issue 1, pages 16-43

Abstract: Is the typical middle-class family doing better today than they were twenty-five years ago? The answer is no, according to new measures of economic wellbeing. The combination of stagnant incomes and staggering cost increases for important middle-class items--housing, health care, education, and transportation--have left families with less money to save and spend than just a few years ago, and working longer to achieve the same results as in 1980.

Date: 2006

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