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12 Cards in this Set

  • Front
  • Back

Greatest shares if middle-income

Midwest

Middle class is decreasing where?

Metropolitan areas (Boston, Seattle, Dallas, Milwaukee)

When middle class families divorce

Economic condition of women deteriorates

Middle class receives how much of total income

54%

Middle class position warrents

Economic stability, economic security, and economic prospects

Large corporations tax drop rate

35% to 20%

2007-2009 recession

Many middle class families have not recovered

The middle class

Social construct to identify average economic wealth in U.S.

Stock market crash in 1929

Middle class has grown

Decline I the middle class

Working longer hours


Unemployment down


Consumer spending down

Deduction affects

Good for upper-Middle class, see a bigger deduction due to GOP/ Trump

Most controversial deduction

State and local taxes


Effects stares with higher taxes (CA and NY)