Frank Schreiber's List: 2012 Class Warfare

• • Great summary of the devastation of the middle-class! 

• • This is outrageous. Who the hell is going to vote to keep our going in this direction by voting Republican!  
• The researchers at Pew Social & Demographic Trends aren't holding back in their new report on the middle class. It calls the last 11 years, "the lost decade" for the country's middle class.

• Most of what you need to know is in the graphs to the left.

  They show that the median household income for example, dropped from $72,956 in 2000 to $69,487. Perhaps the most dramatic figure is that median net worth took a major hit during the recession. It plummeted from $152,950 to $93,150.

• Another interesting graph shows that in past decades, the middle class continues to lose ground to upper incomes when you aggregate household income.

  For example in 1970, the middle class held 62 percent of the income in the country. The upper income held 29 percent. Those numbers have now flipped: The middle class is at 45 percent and the upper income class is at 46 percent.

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