Middle Class Contracted in U.S. Over 2 Decades, Study Finds.
'Mike McCabes neighbors in rural Gillespie, Ill., consider him lucky. After being out of work for a year, he landed a job in January making cardboard boxes at a nearby Georgia-Pacific plant for $19.60 an hour.
He would agree with them, were it not for the fact that his previous job in a steel mill near St. Louis paid $28 an hour. Ive had to rethink my whole life to make ends meet on what Im now making, Mr. McCabe said. The middle class is struggling for sure, and almost anybody in my position will tell you that.
Middle-class Americans have fared worse in many ways than their counterparts in economically advanced countries in Western Europe in recent decades, according to a study released Monday by the Pew Research Center.
What is more, as Mr. McCabes experience suggests, the authors of the Pew study found a broader contraction of the American middle class, even as the ranks of the poor and the rich have grown.'>>>
https://www.nytimes.com/2017/04/24/business/economy/middle-class-united-states-europe-pew.html?
Some have noticed. Will the Democratic party do so, and win elections?
MedusaX
(1,129 posts)are out of line....
* Illinois general sales tax is 23% higher than the national average.
* Illinois state income tax is 69% higher than the national average.
http://www.areavibes.com/east+gillespie-il/cost-of-living/
http://www.bestplaces.net/cost_of_living/city/illinois/gillespie
Gillespie cost of living* compared to US
Overall 79 / 100
Grocery 96.5 / 100
Health 99 / 100
Housing 39 / 100
Utilities 108 / 100
Transportation 98 / 100
Miscellaneous 97 / 100
*not including state/local taxes
Of course, the KGOP tax reform may seek to limit or eliminate all of the current federal deductions/credits associated with state/local taxes and mortgage interest ... in order to offset the reduction in corporate & personal overall rate ceilings.
So if the guy in the article thinks he's got it tough now... he might be unpleasantly surprised with 45's tax reform outcome.
TEB
(12,840 posts)I'm union teamster I have seen union America lose last 30 years because of reganomics wages pensions.
elleng
(130,825 posts)and more unfortunate policies followed.