Middle Class
This Is About As Good As Things Are Going To Get For The Middle Class – And It’s Not That Good
The U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened.
This is why the middle class can’t get ahead
For everybody wondering why the economic recovery feels like a recession, here’s the answer: We’re still at least five years away from regaining everything lost during the 2007-2009 downturn. Forecasting firm IHS Global Insight predicts that real median household income — perhaps the best proxy for middle-class living standards — won’t reach the prior peak from 2007 until 2019.