The Erosion of the Middle Class Continues

from Zero Hedge

Economic inequality and the absolute destruction of the middle class is something that we’ve covered for many years (recently here), and being that central bank policies only exacerbate the issue, readers of Zero Hedge are undoubtedly well acquainted with topic. As usual, it took a while, but it does appear as though the mainstream media is finally catching up, as CBS recently published a piece on the erosion of the middle class in the United States.

While there are some families that have moved into the upper-income bracket, the fact remains that overall, middle-income households (defined in the article as families of three with a household income between $42,000-$125,000) are lower in 203 of the 229 U.S. metropolitan areas studied, and there is no bias, the change has affected everyone.

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