Lydia Samson
The Vanishing Middle Class Analysis
Government, politics, and the death of the “American Dream” are just a few of the topics discussed in The Vanishing Middle Class, a recent nonfiction account of the inequalities of the American economic system by economist Peter Temin. Temin describes the economic inequality of the current class system as grouped into the top 1% who hold 99% of the nation’s wealth, the poorer, lower income class, and the titled “vanishing” middle class. The problems within the economic class systems arise in that those in financial prosperity are experiencing a steady growth in their yearly income, the population of lower class people is only growing, meaning that the American middle class is rapidly shrinking.
The Vanishing Middle Class Analysis
Government, politics, and the death of the “American Dream” are just a few of the topics discussed in The Vanishing Middle Class, a recent nonfiction account of the inequalities of the American economic system by economist Peter Temin. Temin describes the economic inequality of the current class system as grouped into the top 1% who hold 99% of the nation’s wealth, the poorer, lower income class, and the titled “vanishing” middle class. The problems within the economic class systems arise in that those in financial prosperity are experiencing a steady growth in their yearly income, the population of lower class people is only growing, meaning that the American middle class is rapidly shrinking.