Auto Sales Chart Perfectly Illustrates 40 Year Decline Of US Middle Class

by Lee Adler
Wall Street Examiner

Wall Street pundits showed some consternation about the year to year decline in May auto sales last week but they missed the big picture. In the Tale of Two Economies, while the owners of stocks and bonds get richer and make the top lines of many economic data series look ok, Americans by and large are doing persistently worse. The middle class is not only shrinking as more people drop from its ranks, the purchasing power of what remains of the middle is is shrinking.

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