Has the whole middle class stagnated while a tiny sliver at the top has reaped rich rewards?
As income inequality increased, and the incomes of the middle class stagnated, the U.S. government responded by increasing the consumer credit available to the middle class.
And, sure enough, every week brings a flood of complaints in the media about the rich getting richer while the incomes of the middle class stagnate or fall.
"The rich got richer, the poor got poorer and the middle class stagnated," said Barrie Peterson, of Seton Hall University's Institute on Work.
NEW YORK — We know now that trickle-down economics doesn't really work — the past decade in the United States has seen incomes at the very top soar, while the earnings of the middle class stagnated or declined.
Both the black and white working class are stagnating, falling further behind – almost anyone except the very wealthy are, regardless of race.
Local analysis of new census data uncovered a shift in the income levels of Santa Clara County families.The middle class is stagnating, the number of upper-income households is shrinking, and many more households are dropping into the lower income classes.
Social Security needs to tax at least 90% of all wages in America, but because the rich are getting richer and the middle class is stagnating, too much tax exempt wage gains are going to earners who make more than 113,700.00 a year.
Finally, there was an "Are you kidding?" question lurking beneath it all — a sense that with middle-class incomes stagnating, income gaps widening and unemployment still pervasive for both white- and blue-collar workers, a lot of Americans were asking: "This is the emergency you are putting before Congress?
But because working class wages stagnated over the last few decades while upper class wages soared, the way the cap was set caught fewer and fewer wages.
