Tuesday, December 29, 2015

Off Topic? The Economy and the Shrinking Middle Class

This may seem off topic but I think it's such important information that I'm going to post it. If there's a connection it's that Torah Im Derech Eretz is difficult to maintain without a dignified lifestyle. And the shrinking incomes and expanded work pressures make TIDE very difficult.

This is written by  for a really incredible economics blog by the former head of the President's budget office: davidstockmanscontracorner.com

"The Pew Research Center’s recent report The American Middle Class Is Losing Ground: No longer the majority and falling behind financially made a media splash, as it reported that less than 50% of adults are members of the Great American Middle Class.
My analysis suggests that by more qualitative measures, no more than a third of U.S. households qualify as middle class: claiming 49% of the nation’s households are still middle class is a gross exaggeration."

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