American Middle Class R.I.P.?
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Now that Pew Research has come out with some definitive (and quite
compelling) data
about the decline of the American middle class over the last few decades,
it’s worth recalling how the one-percenters of the world think about this
problem…
Lots of good related stories such as Most
Americans Aren’t Middle Class Anymore and Middle-class
families, pillar of the American dream, are no longer in the majority as
another piece of the explanation for Donald Trump’s success unfolds, namely,
from the latter:
Median-income voters, particularly non-college-educated men, are also at
the core of billionaire Donald Trump’s surprising surge in the Republican
presidential campaign. His supporters’ sense that their once-secure
middle-class standing is in danger of slipping appears to be fueling much of
the anger against the government and immigrant groups.
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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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