How the middle class was hollowed out from 1979 to 2022, according to new federal data
via cbo.gov
Short excerpt below. Read at the original source.
A comprehensive new report released by the Congressional Budget Office (CBO) portrays a stark transformation of the American economy over the last four decades, revealing a deepening divide where the wealthiest households have dramatically expanded their economic footprint while the middle class has steadily lost ground. According to the data, which spans from 1979 through […]