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Sep

2011

How to Escape the Middle-Class Squeeze - Rick Newman (usnews.com)

So if you feel like you're falling behind, you're not imagining things—and you've got plenty of company. The fading fortunes of the middle class are probably the top factor fueling vast dissatisfaction with government and a pervasive sense of national decline. But this gloomy trend isn't irreversible, and it's worth noting that real income levels in 1983--at the tail end of another rough downturn—were at the same levels as they were in 1969, 14 years earlier. What came next were the Reagan-era tax reforms and two decades of steady improvement in household income.

www.usnews.com/...cape-the-middle-class-squeeze-

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usnews.com Middle-Class squeeze

ou might have three or four careers over the course of your working life, as you respond to rapid changes in the workplace and the global economy.
But there's ample evidence that one key determinant of success is how well you respond to tough challenges. Determination and resilience can even be more valuable than a high IQ or a fancy degree.
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- His most important lessons came from failing and starting over. Most people aren't as brilliant as Jobs, but they can still benefit from the vital learning that hardship often produces.
- More work, more stress, less money, less free time, less stuff, and falling satisfaction. But a lower standard of living doesn't need to be disastrous,