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10 January 2008

The squeeze on the middle class-By Lauren Barack, MSN Money

*Link:*
*http://preview.tinyurl.com/yspe2t
*
*The Squeeze on the Middle Class
by Lauren Barack, MSN Money*

Income statistics don't tell the whole story. Across America, people
seem to be making better salaries year after year. The median household
income has risen from $36,847 in 1967 to $48,201 in 2006, according to
U.S. Census Bureau inflation-adjusted data. Though the bureau doesn't
define "middle class," the income of the middle half of the households
in this country now seems to fall roughly between $25,000 and $95,000 a
year.

The problem is that "middle" and "median" incomes no longer seem to
provide the kind of comfort and security that Americans have become
accustomed to. In most parts of America, a $48,000 annual income isn't
enough to fund a comfortable life -- dinner on the table at 6 p.m., the
kids watched by a safe and affordable caregiver, a guaranteed summer
vacation and a nest egg accruing so that, at age 65, Mom and Dad can
look forward to their leisure years worry-free.
*More:* *
http://tinyurl.com/yspe2t*

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