We've seen incomes rise coming out, but we haven't gotten away from this basic structural issue in the US economy. The path to the middle class is still incredibly difficult because there are still a lot more people than there are in the middle class sitting below them. If you're in the bottom 10%, the bottom 50% of the US economy, you've been struggling and you're going to continue to struggle for some time.
Hello and welcome to The Big Take Podcast!
Today: The good news, and not so good news, about the US middle class. With inflation rising, the stock market ping-ponging and housing prices softening, that broad swath of Americans who form the backbone of the US economy are getting hit on all sides. Bloomberg reporters Shawn Donnan, Alex Tanzi, Claire Ballentine and Airielle Lowe teamed up to take a look at how middle-income Americans are doing. The answer: Not so badly, actually–at least on paper.
Even so, they’re worried about what’s next for them. And they have good reason to be.
Shawn sits down with Wes to share the results from their exclusive polling and what these precarious economic times mean for the fortunes of working Americans.
Learn more about this story here: https://bloom.bg/3faCxwM
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