Things change – as the middle-class shrinks, and the 1% takes more.
From the Washington Post:
| Nearly one in three Americans who grew up middle-class has slipped down the income ladder as an adult, according to a new report by the Pew Charitable Trusts.
Downward mobility is most common among middle-class people who are divorced or separated from their spouses, did not attend college, scored poorly on standardized tests, or used hard drugs, the report says. “A middle-class upbringing does not guarantee the same status over the course of a lifetime,” the report says. |
Scary. If we are finding that people are slipping from middle to lower class, just imagine how hard it must be to climb from lower to middle class. Talk about an uphill battle
Good point. Especially since those who profit from these trends only grow stronger and mostly choose to enforce the dynamics further. Even if the middle-class is the stability and consumer-base of a society.