Unfortunately this article does what nearly every article on the declining middle class seems to these days. It misses the real reason for the decline. Why is it that the value of our money is relentlessly eroded? Why is it harder to get by?
The Federal Reserve.
The Fed is the great linchpin of the crony economy. The debt creation machine. The inflation percolator. The money killer. Assassin of the middle class.
Saying that the article is still pretty good in many of its observations.
(From The USA Today)
The middle class has certainly changed. We’ve ranked a list of things the middle class can no longer really afford. We’re not talking about lavish luxuries, like private jets and yachts. The items on this list are a bit more basic, and some of them are even necessities. The ranking of this list is based on affordability and necessity. Therefore, items that are necessity ranked higher, as did items that a larger percentage of people have trouble paying for.