How Powerful Is The Middle Class?
Watch: The Mega Rich Make The Rich Look Poor: http://testu.be/1CpsI3q Subscribe! http://bitly.com/1iLOHml Many economic analysts and politicians have lamented the decline of the middle class,...
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Last year, the Pew Research center reported that the income gap in the United States between the middle and upper class was the largest on record. The wealth owned by just the top “zero point-one percent” was equivalent to the wealth of the bottom 90 percent. Many economic analysts and politicians have lamented the decline of the middle class, and petition for its growth. So why does the middle class matter? Well, to begin with, let’s define the middle class. The term is so nebulous that it seems to apply to almost everyone. The New York Times and the American Enterprise Institute use the income bracket between 35 thousand to 100 thousand dollars a year. But a 2012 Pew study reports that even people below and above these boundaries consider themselves...
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Last year, the Pew Research center reported that the income gap in the United States between the middle and upper class was the largest on record. The wealth owned by just the top “zero point-one percent” was equivalent to the wealth of the bottom 90 percent. Many economic analysts and politicians have lamented the decline of the middle class, and petition for its growth. So why does the middle class matter? Well, to begin with, let’s define the middle class. The term is so nebulous that it seems to apply to almost everyone. The New York Times and the American Enterprise Institute use the income bracket between 35 thousand to 100 thousand dollars a year. But a 2012 Pew study reports that even people below and above these boundaries consider themselves...
