By Tim Iacono (Guest Post)
I couldn’t help but think of this Pew survey(.pdf) spotted at the Huffington Post after listening to President Obama introduce his American Jobs Act before a joint session of Congress. The report concluded that about one quarter of children raised in middle-class families in the 1970s have fallen out of that group, presumably reversing a trend that had been in place for many decades. This chart was pretty interesting too: A quick trip over to the BLS inflation calculator reveals that $32,900 in 1980 equaled about $78,000 in 2005…
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