|There are whole class of people forgotten .|
It's not the Middle Class , but the poor.
The MIDDLE CLASS.
The middle class was absorbed into the wealthy 'higher class' of six figure earners.The headline data from the report is that while many Americans are becoming wealthier than their parents, that the most significant economic gains are being channeled to the highest income brackets. If you earn a wage , you still need a six figure income to buy a home and own it . Most homes cost over 200,000 a year . Sure enough even raising the minimum wage will not make any one any wealthier to make a living .According to Pew, 40% of those born in the bottom stay in the bottom, 40% of those born into the stop stay at the top.The American Dream is the belief that if you work hard, if you are blessed with at least a modicum of ability and have a little luck, you can succeed. That is, you can rise in society no matter how humble your origin to something better in the way of material well-being, economic security, a settled life and social prestige. It is the dream of upward mobility for oneself, or at least for one's children.
The median take home pay in the U.S. is back where it was in 1973, about $48,000 before taxes. It rose from $47,563 in 1973 to $54,841 in 2000 and has fallen over 10% since then to just over $48,000. And the trend is bound to become worse because American businesses are hiring far more part-time workers than full-time employers. These part-time workers work for hourly wages for no more than 29 hours a week and thus are not privy to health care insurance. Some 70% of all jobs so far in 2013 are the part-time variety. Since 1979 the top 1% of earners, 3 million Americans, saw their wealth increase by over 8 times to 72% of all household wealth. Over the same period, the next 20% of the nation,or 60 million people, increased their wealth by 65% or 2% a year.
IT's NOT the POOR MAN's FAULT: