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America's Middle Class Still Sinking
dmegivern
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8
7-30-2008 2:21 PM
351 views
tags:
middle class
,
wealth
,
economics
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/68f24a73-4664-4c4c-810d-ec56c9cec0ad/7F4AF4FA-65F9-44D8-BB64-9E5A2D334E79/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html" href="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html" style="font-size: 11px;">www.americanprogress.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html"><H2>America's Middle Class Still Losing Ground</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.americanprogress.org/img/21F142DA-C89D-4016-AF15-88FD993A964D" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html"><P><A href="http://www.americanprogress.org/issues/2008/07/pdf/middleclasssqueeze.pdf">Read the full report</A> (pdf)</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html"><P>For the past two years, the Center for American Progress has calculated a number of middle-class financial security indicators to measure how many families have the financial resources for a spell of unemployment, for a medical emergency, for both, or for an unspecified economic emergency equal to three months of their income. Our figures demonstrate the financial and economic roller coaster ride that America’s middle class has been on.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html"><B>The sharpest deterioration in middle-class financial security is associated with the cost of a medical emergency.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html"><B>Drops in personal wealth have contributed to the decline in middle-class financial security.</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.americanprogress.org/issues/2008/07/middle_class_squeeze.html"><B>The share of families who had enough resources to cover a spell of unemployment has declined since 2000.</B></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7F4AF4FA-65F9-44D8-BB64-9E5A2D334E79/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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