Saturday, July 20, 2013

Middle class still left behind in U.S. economic recovery, data show

The Washington Post reports:
The economic recovery of summer 2013 is playing out in an all-too-familiar way for poor and middle-class Americans: Gas prices are up, growth is slowing, and there still aren’t nearly enough new jobs to employ the almost 12 million people seeking work. An improving housing market and rising stock prices appear to have done little to increase the take-home pay of the typical U.S. worker. And while the economy continues to heal faster than that of almost any other Western nation, evidence remains strong that the recovery has done little to boost the fortunes of people in the vast economic middle.
The Washington Post: a reliable mouthpiece of the Democrat party is taking notice.