How to tell which one you belong to among the various classes ...
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Middle-class Americans' living standards in decline at this point as inflation outpaces wage gains
It’s official: Consumer price gains are outpacing workers’ pay. Prices in April surged 3.8% compared to a year ago, government data released Tuesday showed, while average hourly earnings rose 3.6%.
In a recent report with Stephen Rose, I argued that the narrative of a “shrinking middle class” was based on a kernel of truth, but one that undermines economic pessimism. We showed that while 36 ...
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