Just 1% of Americans own 23.5% of our nation's wealth.
If you haven't read it, Slate has an amazing series of articles about the disappearance of the American middle class. It's called the Great Divergence. If you look at how far the gap between the super-wealthy and the just-getting-by is widening, it is truly scary. I read a couple of months ago that the middle class is so far behind in where it should be re: buying power, that no longer would Black Friday be indicative of the coming year's economy. What is the middle class anyway? To me, it is the ability to be comfortable, maybe have a kid or two. Own my car, go on vacations, and retire without the uncertainty of relying on Social Security/Medicare for my fixed income/healthcare needs. Whatever the middle class means today and 40 years from today (when I'll be retirement age), I don't want to be shut out of it - do you?
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