America's Middle Class Shrinking in Globalist Economy
Report; Posted on: 2006-10-04 15:10:13
Dow Jones index, poverty rate both higher than ever
by Lou Dobbs
The Dow Jones Industrial Average has hit an all-time high and Wall Street firms are posting some of their best earnings ever. For the first time in our nation's history, the Forbes list of the 400 wealthiest Americans includes only billionaires. In fact, having only a billion dollars means you're not on the list. As a group, the Forbes 400 has a collective net worth of $1.25 trillion.
So the rich are doing well. But how about the middle class?
More Americans than ever are living in poverty, living without health care, paying more for housing and for the costs of our public education. And real wages are falling.
Real median earnings of full-time working males fell nearly 2 percent last year, according to the Census Bureau, while the real wages of working women fell by 1.3 percent. Despite that, real median household income did manage to rise slightly last year, though that small gain was the first increase in household income since 1999.
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( http://www.nationalvanguard.org/story.php?id=10275 )
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