The American Dream Goes On


	The American Dream Goes On

A53GG4

6-15-2008 11:58 PM

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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/991b2e75-8e45-493b-aa4c-ec98160eb71f/9EE0D20D-2003-43E2-84CB-16486A1DABB2/" 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.usnews.com/articles/opinion/2008/06/13/the-american-dream-goes-on.html" href="http://www.usnews.com/articles/opinion/2008/06/13/the-american-dream-goes-on.html" style="font-size: 11px;">www.usnews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usnews.com/articles/opinion/2008/06/13/the-american-dream-goes-on.html"><H1>The American Dream Goes On</H1></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.usnews.com/articles/opinion/2008/06/13/the-american-dream-goes-on.html"><DIV id="byline">By <A href="http://www.usnews.com/Topics/tag/Author/m/mortimer_zuckerman/index.html"> Mortimer Zuckerman</A></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.usnews.com/articles/opinion/2008/06/13/the-american-dream-goes-on.html"><P>Is the american middle class an endangered species? The majority of Americans have long shared one state of mind: that they are in some central way members of the middle class and hold a passport to the good life.</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.usnews.com/articles/opinion/2008/06/13/the-american-dream-goes-on.html"><P>It's true that there's been a contraction of the number of middle-tier households earning between $45,000 and $90,000. And it's true they are having a tough time. Six in 10 testify to incomes falling behind the cost of living; six in 10 find it hard to pay for gasoline; and five in 10 say they can't afford healthcare. More than a quarter say they have trouble even affording food. To maintain their lifestyle—including those fancy cable TV packages, broadband Internet connections, and travel—they've sent more family members to work, taken on more debt, and borrowed through home equity loans, though the housing slump has undermined that asset.</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.usnews.com/articles/opinion/2008/06/13/the-american-dream-goes-on.html">At the other end of the income spectrum, the well heeled keep doing better. </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;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9EE0D20D-2003-43E2-84CB-16486A1DABB2/blog/" title="blog or email this clip"><img src="http://content7.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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