A Third of Americans Now Say They Are in the Lower Classes
The percentage of Americans who say they are in the lower-middle or lower class has risen from a quarter of the adult population to about a third in the past four years, according to a national survey of 2,508 adults by the Pew Research Center. Not only has the lower class grown, but its demographic […]
Before the Great Recession, a Phantom Recovery
The eight-year period from 1999 through 2007 is the longest in modern U.S. economic history in which inflation-adjusted median household income failed to surpass an earlier peak.
Republicans: Still Happy Campers
Despite the imploding stock market, the looming recession, the unpopular president and the dismal political polls, there’s very good news in the one realm of life that’s always been a special sanctuary for Republicans. Personal happiness.