http://www.nytimes.com/2013/09/19/business/americas-sinking-middle-class.html?ref=unitedstateseconomy&_r=0
America’s economy seems to be very similar to that of the 1980s although in present day we have access to much more electronically advances. This is a quite frightening fact to hear since this country is considered to be much more advanced than others. Many would possibly view America as an always evolving nation but this doesn’t seem to be the case when comparing economic numbers from the past to the present. Even the percentage of poverty rates has increased from over 30 years ago. The only noticeable advances in society seem to be advances in both health and technology which help to stimulate the US economy as time passes on. Student debts are also on the rise due to increased tuition rates throughout the years. America’s economic scene is now very different in comparison to other developed countries. This is the new normal that Americans are faced with where a factory worker today earns less than one from the early 70s. The richest Americans are the ones who earn most of the American income.
It is hard to distinguish the border between being part of the middle class, the lower or the upper class. The dividing lines between the classes are getting blurrier as years pass on, but it is very obvious to see that the middle class isn’t exactly in the middle anymore. Many people probably think that most members are part of the middle class however, this is not the case in recent years. More and more people are becoming members of the lower class due to a lack of high income. The middle class is becoming more of an “exclusive club” because of rising costs in all aspects. College tuition, vehicles, homes and health care: everything is getting more expensive as incomes stay consistent.
