Relevant:
- Middle Class Exit 'Lost Decade' With Little Hope: Pew Report
- Report: Middle class lost significant financial ground over last decade
- Commentary: America's shrinking middle class
- Middle Class Shrinks Further as More Fall Out Instead of Climbing Up
- Wall Street Legend Sandy Weill: Break Up the Big Banks - US Business News
2012-08-23 — huffingtonpost.com
There is an imaginary world, let's call it CNBC world, where the rich get richer but the poor never get poorer. Unfortunately, this is not the real world.
See, for example, CNBC's take on the seemingly depressing news Wednesday from the Pew Research Center that America's middle class has been shrinking steadily for decades, particularly the most recent decade. To most of us this sounded like horrible news, but at least one person at CNBC saw reason to cheer.
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