Tagged: class

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Exuberant stock market, disappearing middle class, history repeats itself….1 in 5 American households have ‘zero or negative’ wealth, drowning in credit card debt, paychecks just aren’t growing

Exuberant stock market, disappearing middle class, history repeats itself [ A 32-year-old mother of 7 children called Florence Owens Thompson, Nipomo, California. February 1936.] One in five American households have ‘zero or negative’ wealth...

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Random Thoughts and Observations on the Middle Class

by LLPOH, TBP Following are random thoughts and observations on the middle class, and its wages. Much has been said about falling real wages for the middle class. Wages are often tied to productivity. Productivity...

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Dollar stores are dominating retail by betting on the death of the American middle class: Dollar General’s CEO said the American economy “is continuing to create more of our core customer” — households making less than $40,000 a year.

Dollar General and other dollar stores are thriving while department stores like Macy’s and Sears close hundreds of locations.  Dollar stores’ sales grow as more Americans struggle economically, with retailers betting on a “permanent underclass in America.”  Dollar General’s...