Subject: America’s Long-Term Challenge #4: Erosion of the Middle Class

We’ve all seen the headlines: the middle class in the United States (and much of Europe for that matter) has been in decline for years.
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America’s Long-Term Challenge #4: Erosion of the Middle Class
By Simon Black - June 04, 2018

We’ve all seen the headlines: the middle class in the United States (and much of Europe for that matter) has been in decline for years.

CNN May 18, 2018: “Almost half of US families can’t afford basics like rent and food”
Marketwatch June 2, 2018: “50 million American households can’t even afford basic living expenses”
Wall Street Journal February 13, 2018 : “US households shoulder record $13.15 trillion debt”

This is the opposite of what we’ve witnessed here in Asia– an astonishing, almost unprecedented rise in the middle class.

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