The Vanishing Middle Class: How Wealth Inequality is Pushing Families to the Brink
For decades, the middle class was seen as the backbone of the economy. Hard work, home ownership, and a stable job provided security and the chance to build a better future. However, today, this dream is slipping away for many as wealth inequality continues to widen. The once-stable middle class is being squeezed, and financial security is becoming increasingly difficult to achieve. Wage Stagnation and Rising Costs One major factor is the stagnation of wages. While the cost of living has soared, wages have barely kept pace with inflation. Middle-class families find themselves working harder for less, struggling to cover essentials like housing, healthcare, and education. Meanwhile, the wealthy enjoy skyrocketing income growth, thanks to stock market investments and tax breaks that favor the rich. Over the past few decades, worker productivity has increased dramatically, but wages have not kept up. Instead of higher earnings for workers, the profits have been funneled toward corporate e...