Watch No Recovery For The Middle Class The Young Turks News Video

28 sec read

“People are angry. Voters demanding change have helped make Donald Trump the presumptive Republican nominee for president and fueled Bernie Sanders’ ferocious challenge to Democrat Hillary Clinton.

“But what are they angry about? Ask and you’ll hear about Washington gridlock, Wall Street greed, trade, stagnant pay, immigration.

“To me one huge factor is obvious when you look at the chart below. It shows how much wealth has been lost — at least among those who weren’t rich to begin with…

“It’s not news that incomes have stagnated. (A new Pew Research Center analysis finds the middle class as defined by income shrinking in 203 out of 229 metro areas.)

“It’s well known that the Great Recession took a big bite out of people’s home equity and retirement accounts.”

Read more at NerdWallet

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