http://www.ritholtz.com/blog/2010/08/ft-goodbye-middle-class/
“The slow economic strangulation of the Freemans and millions of other
middle-class Americans started long before the Great Recession, which merely
exacerbated the “personal recession” that ordinary Americans had been
suffering for years. Dubbed “median wage stagnation” by economists, the
annual incomes of the bottom 90 per cent of US families have been
essentially flat since 1973 – having risen by only 10 per cent in real
terms o
