Occupy Wall Street

[Riot]

Originally Posted by Cannon Shell

Seriously think of middle Amercan 50 years ago and then think of it now? Outside of healthcare being a far greater expense now the midle class lives a far more prosperous life than it did.

Sorry, no. All the economic data says no to your theory of "far more prosperous". And here is that data, in the link below.

By every metric: real income, buying power, tax liability, etc - no, people are not more prosperous now. They are less prosperous. The middle class has been disappearing.

And the fact that the data says "no" to "more prosperous life", and in fact they have a less prosperous life - is exactly why Occupy Wall Street is occurring.

http://www.dailykos.com/story/2011/1...=sidebyuserrec

Oh, yeah: not to mention today's headline about the continued diminishment of the middle class:

Recession Officially Over, U.S. Incomes Kept Falling
By ROBERT PEAR Published: October 9, 2011

WASHINGTON — In a grim sign of the enduring nature of the economic slump, household income declined more in the two years after the recession ended than it did during the recession itself, new research has found.

Between June 2009, when the recession officially ended, and June 2011, inflation-adjusted median household income fell 6.7 percent, to $49,909, according to a study by two former Census Bureau officials. During the recession — from December 2007 to June 2009 — household income fell 3.2 percent.

Continued ...

http://www.nytimes.com/2011/10/10/us...t-falling.html