New U.S. Census data reveals that after adjusting for inflation, the typical middle-class American family is making less than it was in 1989. Since the Lehman collapse in 2008 and subsequent financial crisis, middle-class households have lost all the gains made after the 2001-2003 recession, and have even seen the undoing of all income gains made in the 1990s boom.
New U.S. Census data reveals that after adjusting for inflation, the typical middle-class American family is making less than it was in 1989. Since the Lehman collapse in 2008 and subsequent financial crisis, middle-class households have lost all the gains made after the 2001-2003 recession, and have even seen the undoing of all income gains made in the 1990s boom.