MIDDLE CLASS SQUEEZE

Report: Middle Class Running Dangerously Low On Things To Be Squeezed Out Of

News in BriefNews ISSUE 50•31 Aug 7, 2014

WASHINGTON—An alarming report released Thursday by researchers at the Economic Policy Institute confirmed that, following a generation of dwindling economic opportunities and stagnant wages, the American middle class is now running dangerously low on things it can be squeezed out of. “Based on our findings, the nation is heading toward a disastrous point in the next decade at which there will no longer be a single facet of our economy from which middle- class families can be further squeezed,” said lead researcher Bryan Shale, adding that having already squeezed middle-income Americans out of job security, access to bank loans, high-quality education, retirement investing, and home ownership, the U.S. had nearly exhausted its already limited supply of squeezable sectors.

“Perhaps most distressing is that given how rapidly the middle class has been driven from upward mobility and reliable healthcare, the few areas left to squeeze them out of are negligible at best. We’re scraping the bottom of the barrel here if the ability to shop at premium supermarkets, have museum memberships, or take weekend getaways is all that remains. Unless lawmakers take immediate action, we’re talking about the real possibility of a world in which the middle-class squeeze as we know it is complete, and the majority of Americans can be squeezed no further.” The researchers confirmed, however, that the U.S. middle class is still reliably being hit from all sides.

Via The Onion

1 thought on “MIDDLE CLASS SQUEEZE”

  1. Maybe the hilariously named Josh Earnest used to write for the Onion before he went to the White House?

    Obama said, “If you think about where we were, Steve, when I came into office and where we are now, it’s pretty hard to find an economic measure where we’re not significantly better off.”

    Obama also said, “Since I have come into office, there’s almost no economic metric by which you couldn’t say that the U.S. economy is better and that corporate bottom lines are better. None.”

    Now if those two quotes are not indistinguishable from an Onion article, I don’t what is.

     

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