Poor and middle-class families are entering the recession in a precarious situation due in part to declining or stagnant income growth, a study released Wednesday has found.
Incomes, on average, have declined by 2.5% among the bottom fifth of families since the late 1990s, while inching up by just 1.3% for those in the middle fifth of households, according to an analysis by the Center on Budget and Policy Priorities and the Economic Policy Institute, two liberal think tanks.
The wealthiest slice of Americans, however, saw their incomes rise by 9%.
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This article addresses the continued growth in the gap of incomes. This article also addresses the continued rise in prices and inflation and the continued debt of families and the depreciation of the value of homes. This shows the continued struggle of the United States's economy which is evident in more than one area of the economy.
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