The American dream shatters: The death of the middle class

Middle-class families, which used to be the backbone of the United States economy are becoming poorer. Despite the constant bombardment of news of a “healthy economy,” 62% of middle-class families struggle to afford a basic middle-class lifestyle.

Even though the unemployment rate that has reached a 50-year low of 3.7 percent, most jobs across the U.S. don’t support a middle-class or better lifestyle, leaving many Americans struggling, according to a new study. When factoring in both wages and the cost of living in the metro area where the job is located, 62% struggle to provide a middle-class lifestyle according to the study by Third Way, a think tank that leans center-left on the political spectrum. Continue reading