The glowing economic reports are blowing away the middle class. Amid rough retail reports you can still find some gems. Tiffany the luxury jeweler profit rose as sales went up 20% to $ 662.6 million. Other lower end retailers sales fell across the board. The struggling middle class are feeling the pinch. The uncertain housing market is causing a lot of the financial woes. A snapshot of the landscape, with the entire home for sale signs would give you a picture of the slowdown.
The middle class is surely being kicked while down. The alluring home market has fallen flat for the struggling middle class. The number of Americans without health insurance has risen by 2.2 million. There are a total of 47 million people without this insurance. The poor are still poor and the middle class is struggling to stay middle class. The claim is other sections of the economy are healthy.
Then who and what are the reports referring to? Before 1990 the Forbes 400 had a combined worth of $221 billion combined. By June 2006 they were worth 1.3 trillion. The median household income has held at about $ 44,000. What this means is if the lower to middle class incomes are stagnate while...
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