The Great Wealth Illusion: Why ‘Middle Class’ No Longer Means What It Used To
The article examines the decline of the American middle class, revealing how the term no longer guarantees stability. It explores rising inequality, stagnant wages, and soaring costs for housing, education, and healthcare, driven by policy choices and economic shifts. With data showing the middle class shrinking from 61% to 50% of households since 1971, it highlights the human toll and proposes reforms to restore economic security.
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