[Marxism] Fwd: Charting Trump’s rise through the decline of the middle class - The Washington Post

Louis Proyect lnp3 at panix.com
Sun Dec 13 07:05:35 MST 2015

The past 15 years have been particularly hard on wealth and income 
because of the recession of 2001 and the Great Recession of 2007-2009. 
For all groups, incomes rose from 1970 to 2000. In the next decade, 
incomes for all groups declined. During the past four years, incomes 
rose 3 percent for the wealthiest, 1 percent for middle-income 
Americans, and not at all for those with the lowest incomes. For those 
in the middle, the median income in 2014 was 4 percent lower than in 
2000, according to the study.

For most families, the two recessions have wiped out previous gains and 
widened the wealth and income gap between the wealthiest and all others. 
“The losses were so large that only upper-income families realized 
notable gains in wealth over the span of 30 years from 1983 to 2013,” 
according to the Pew study.


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