GONE GIRL: JANET YELLEN = GONE MIDDLE CLASS

According to the Fed’s triennial Survey of Consumer Finances, the top 10% of U.S. families are doing just fine, and those in the bottom fifth are essentially being kept afloat by transfer payments; but the inflation-adjusted median family income has shrunk by one-eighth since 2004. Quite simply, middle-class incomes are being gutted.

Citing that same survey, Ms. Yellen expressed concern about “lower-income families without assets” that “can end up, very suddenly, off the road.” She therefore advised families to “take the small steps that over time can lead to the accumulation of considerable assets.” She did not, however, explain how they were to accumulate these assets, in light of falling incomes and zero interest rates.

Not to mention rising home prices when many households can’t qualify for a mortgage due to lower/stagnant incomes. Low interest rates are NOT helping millions of Americans; rather, it is preventing them from earning interest.

And declining real median net worth.

Fed Chair Yellen sounds woefully out of touch with the lower and middle class plight. And starting a new firm leaves the budding entrepreneur facing a wall of regulations and healthcare requirements. Yellen sounds “gone.”

Perhaps “Gone Girl” star Rosamund Pike can reprise her role in “Gone Girl: The Janet Yellen Story.”

And The Rockford Files Stuart Margolin (aka, Angel Martin) as Ben Bernanke.