It may be time to play a dirge for the American middle class.
While many American families enjoyed rising prosperity in the decades following World War II, those wealth gains have eroded, leaving the middle-class poorer than anytime since the 1940s, according to new research from economists Emmanuel Saez of University of California, Berkeley and Gabriel Zucman of the London School of Economics.
At the same time, the richest Americans have become richer, putting their share of wealth at the dizzying heights only seen during the era of “The Great Gatsby” and the Gilded Age of the robber barons, the researchers note. FULL ARTICLE
Bear one another’s burdens, and so fulfill the law of Christ.