Saturday, 13 June 2009


The coming collapse of the US middle class

The American dream...  

If you think things have changed for American families,

in the last 30 to 40 years, 

you're right.  

Saving rates have gone from nearly 10% to less than zero.  

Fixed costs like housing and medical care have skyrocketed.  

Income volatility has exploded as job security has imploded.  

One sign of the times is that Americans are going bankrupt in record numbers.  

But the full story is even bleaker than even these numbers reveal.

Details: